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dc.contributor.authorBacon, Nick
dc.contributor.authorWright, Mike
dc.contributor.authorBall, Rodd
dc.contributor.authorMeuleman, Miguel
dc.date.accessioned2017-12-02T14:42:54Z
dc.date.available2017-12-02T14:42:54Z
dc.date.issued2013
dc.identifier.doi10.5465/amp.2012.0130
dc.identifier.urihttp://hdl.handle.net/20.500.12127/4510
dc.description.abstractWe analyze the employment, wages, human resource management, and industrial relations impact of private equity, drawing on empirical evidence from various countries and institutional contexts. We identify different types of private equity-backed buyouts and highlight the impact of creating value through long- and short-term ownership and strategies emphasizing increased efficiency or growth. We show that the effects may vary between buyout types and that it is inappropriate to regard most private equity leveraged buyouts as a zero-sum game with value transferred to shareholders at workers' expense. We conclude that regulating private equity in favor of the organizational model of managerial capitalism is unlikely to necessarily further workers' interests.
dc.language.isoen
dc.subjectEntrepreneurship
dc.subjectPrivate Equity
dc.subjectEmployment
dc.subjectPersonnel Management
dc.subjectZero Sum Games
dc.subjectStockholders
dc.subjectLeveraged Buyouts
dc.subjectAlternative Investments
dc.subjectIndustrial Relations
dc.subjectCost Effectiveness
dc.subjectCost Control
dc.subjectAgency Theory
dc.subjectCorporate Reorganizations
dc.titlePrivate equity, HRM and employment
dc.identifier.journalAcademy of Management Perspectives
dc.source.volume27
dc.source.issue1 (February)
dc.source.beginpage7
dc.source.endpage21
vlerick.knowledgedomainEntrepreneurship
vlerick.supervisor
vlerick.typearticleArticle in academic journal
vlerick.vlerickdepartmentEGS
dc.identifier.vperid140345
dc.identifier.vperid155757
dc.identifier.vperid58266
dc.identifier.vperid68189
dc.identifier.vpubid5374


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