Showing 1 - 9 of 9
Although private equity firms are often criticized for layoffs, little evidence exists regarding which employees lose their jobs and why. We argue that explanations for the job polarization process can also explain layoffs after buyouts. Buyouts reduce agency problems, which triggers automation,...
Persistent link: https://www.econbiz.de/10011262892
Using linked employer-employee data from Sweden, a difference-in-difference approach, and 201 private equity buyouts undertaken between 1998 and 2004, we show that unemployment risk declines and labor income increases for employees in the wake of a private equity buyout. Unemployment risk...
Persistent link: https://www.econbiz.de/10010538870
We provide a model that explains the following empirical observations: i) private ownership is more efficient than public ownership, ii) privatizations are associated with increases in efficiency and iii) the increase in efficiency predates the privatization. The two key mechanisms explaining...
Persistent link: https://www.econbiz.de/10005771095
divergence should urge on a wave of restructuring in the EMU, conditioned upon adequate policy responses. The worst-case scenario …
Persistent link: https://www.econbiz.de/10005419554
This paper examines the restructuring of state assets in markets deregulated by privatizations and investment … liberalizations. We show that the government has a stronger incentive to restructure than the buyer: A firm restructuring only takes … into account how much its own profit will increase. The government internalizes that restructuring increases the sales …
Persistent link: https://www.econbiz.de/10005645287
some of the MNEs' initial rents. Moreover, other policies used in times of investment liberalization, such as restructuring …
Persistent link: https://www.econbiz.de/10005645427
No abstract.
Persistent link: https://www.econbiz.de/10010684504
The paper examines the implications of an important aspect of the ongoing reorganization of work - the move from occupational specialization toward multi-tasking - for centralized wage bargaining. The analysis shows how, on account of this reorganization, centralized bargaining becomes...
Persistent link: https://www.econbiz.de/10010818365
to restructuring by decomposing default predictions into "intrinsic" and macroeconomic factors. We apply a method …
Persistent link: https://www.econbiz.de/10008677919