The Impact of Private Equity and Buyouts on Employment, Remuneration and other HRM Practices

被引:24
|
作者
Wright, Mike [1 ,2 ]
Bacon, Nicolas
Amess, Kevin [1 ]
机构
[1] Univ Nottingham, Sch Business, Ctr Management Buy Out Res, Nottingham NG8 1BB, England
[2] Erasmus Univ, Rotterdam, Netherlands
关键词
high commitment practices; leveraged buyouts; private equity; trade unions; MANAGEMENT BUY-OUTS; LEVERAGED BUYOUTS; OPERATING PERFORMANCE; OWNERSHIP; UK; NETHERLANDS; INS;
D O I
10.1177/0022185609339515
中图分类号
F24 [劳动经济];
学科分类号
020106 ; 020207 ; 1202 ; 120202 ;
摘要
In this article we consider the impact of private equity and buyouts on employment, remuneration, and other human resource management practices by reviewing and synthesizing existing studies. We show that the impact tends to differ between buyouts and buy-ins, and argue that private equity is a heterogeneous phenomenon. Several issues that would benefit from further research are identified including the relative impact on employment, terms and conditions and job quality for managerial and non-managerial employees.
引用
收藏
页码:501 / 515
页数:15
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