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The Resource Financialization, new investment funds, and labour : an international comparison, edited by Howard Gospel, Andrew Pendleton, and Sigurt Vitols

Financialization, new investment funds, and labour : an international comparison, edited by Howard Gospel, Andrew Pendleton, and Sigurt Vitols

Creator
Editor
Contributor
Summary
The book provides a comprehensive, comparative treatment of the development of New Investment Funds (NIFs)<U+0127> �private equity, hedge funds, and sovereign wealth funds<U+0127> �and their impact upon labour and employment. Several countries are selected for in-depth treatment with a chapter devoted to each: US, UK, Australia, Germany, Netherlands, Sweden, Italy, Poland, and Japan. The book examines variations in the level and type of fund activity between countries, considers influences upon these variations, and analyses differences in the impact of these funds on labour and employment. This analysis is located in a broader discussion of the nature and development of corporate financialization and comparative capitalism. Financialization has supported the development and growth of these funds, and many aspects of these funds exemplify the process of financialization. Each chapter reports the evidence on the impact of these funds on labour and employment. Case studies conducted by the authors supplement other evidence. Much of the evidence shows that private equity funds can have adverse effects on labour, such as reductions in employment, but there is also evidence of more positive effects in some cases such as employment growth and adoption of high commitment human resource practices. There is much less evidence on the effects of activist HFs and SWFs, with the impact on labour typically being indirect. Between them, the chapters show that variations in national regulation have a significant impact on both the development of fund activities and their effects. With regard to labour effects, employment and labour regulations do not seem to be of prime importance in explaining the level of fund activity, but regulation supporting worker consultation and voice affects the capacity of labour representatives to influence the outcomes of fund activity on labour and employment --
Language
eng
Work
Publication
Edition
First edition.
Extent
xxii, 380 pages
Contents
  • 1.Financialization, New Investment Funds, and Labour / Andrew Pendleton
  • 2.Financial Intermediaries in the United States: Development and Impact on Firms and Employment Relations / Jae Eun Lee
  • 3.Financialization, New Investment Funds, and Weakened Labour: The Case of the UK / Howard Gospel
  • 4.Ambivalent Finance and Protected Labour: Alternative Investments and Labour Management in Australia / John Murray
  • 5.Financialization and Ownership Change: Challenges for the German Model of Labour Relations / Peter Wilke
  • 6.Contested Financialization? New Investment Funds in the Netherlands / Ewald Engelen
  • 7.A Capital-Labour Accord on Financialization? The Growth and Impact of New Investment Funds in Sweden / Tomas Korpi
  • 8.An Ìtalian Way to Private Equity'? The Rhetoric and the Reality / Bruno Cattero
  • 9.Private Equity and Labour in a Transition Economy: The Case of Poland / Perceval Pradelle --10.Japan: Limits to Investment Fund Activity / Katsuyuki Kubo
  • 11.New Investment Funds and Labour Impacts: Implications for Theories of Corporate Financialization and Comparative Capitalism / Sigurt Vitols
Isbn
9780199653584
Instance
Label
Financialization, new investment funds, and labour : an international comparison
Title
Financialization, new investment funds, and labour
Title remainder
an international comparison
Statement of responsibility
edited by Howard Gospel, Andrew Pendleton, and Sigurt Vitols
Creator
Contributor
Editor
Subject
Language
eng
Summary
The book provides a comprehensive, comparative treatment of the development of New Investment Funds (NIFs)<U+0127> �private equity, hedge funds, and sovereign wealth funds<U+0127> �and their impact upon labour and employment. Several countries are selected for in-depth treatment with a chapter devoted to each: US, UK, Australia, Germany, Netherlands, Sweden, Italy, Poland, and Japan. The book examines variations in the level and type of fund activity between countries, considers influences upon these variations, and analyses differences in the impact of these funds on labour and employment. This analysis is located in a broader discussion of the nature and development of corporate financialization and comparative capitalism. Financialization has supported the development and growth of these funds, and many aspects of these funds exemplify the process of financialization. Each chapter reports the evidence on the impact of these funds on labour and employment. Case studies conducted by the authors supplement other evidence. Much of the evidence shows that private equity funds can have adverse effects on labour, such as reductions in employment, but there is also evidence of more positive effects in some cases such as employment growth and adoption of high commitment human resource practices. There is much less evidence on the effects of activist HFs and SWFs, with the impact on labour typically being indirect. Between them, the chapters show that variations in national regulation have a significant impact on both the development of fund activities and their effects. With regard to labour effects, employment and labour regulations do not seem to be of prime importance in explaining the level of fund activity, but regulation supporting worker consultation and voice affects the capacity of labour representatives to influence the outcomes of fund activity on labour and employment --
Assigning source
Provided by Publisher
Cataloging source
AU@
http://library.link/vocab/creatorName
Gospel, Howard F
Index
index present
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/relatedWorkOrContributorName
  • Pendlenton, Andrew
  • Vitols, Sigurt
http://library.link/vocab/subjectName
  • Hedge funds
  • Industrial relations
  • Private equity
  • Sovereign wealth funds
Label
Financialization, new investment funds, and labour : an international comparison, edited by Howard Gospel, Andrew Pendleton, and Sigurt Vitols
Instantiates
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier.
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent.
Contents
1.Financialization, New Investment Funds, and Labour / Andrew Pendleton -- 2.Financial Intermediaries in the United States: Development and Impact on Firms and Employment Relations / Jae Eun Lee -- 3.Financialization, New Investment Funds, and Weakened Labour: The Case of the UK / Howard Gospel -- 4.Ambivalent Finance and Protected Labour: Alternative Investments and Labour Management in Australia / John Murray -- 5.Financialization and Ownership Change: Challenges for the German Model of Labour Relations / Peter Wilke -- 6.Contested Financialization? New Investment Funds in the Netherlands / Ewald Engelen -- 7.A Capital-Labour Accord on Financialization? The Growth and Impact of New Investment Funds in Sweden / Tomas Korpi -- 8.An Ìtalian Way to Private Equity'? The Rhetoric and the Reality / Bruno Cattero -- 9.Private Equity and Labour in a Transition Economy: The Case of Poland / Perceval Pradelle --10.Japan: Limits to Investment Fund Activity / Katsuyuki Kubo -- 11.New Investment Funds and Labour Impacts: Implications for Theories of Corporate Financialization and Comparative Capitalism / Sigurt Vitols
Control code
FIEb17522511
Dimensions
24 cm.
Edition
First edition.
Extent
xxii, 380 pages
Isbn
9780199653584
Media category
unmediated
Media MARC source
rdamedia.
Media type code
  • n
System control number
(OCoLC)856981081
Label
Financialization, new investment funds, and labour : an international comparison, edited by Howard Gospel, Andrew Pendleton, and Sigurt Vitols
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier.
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent.
Contents
1.Financialization, New Investment Funds, and Labour / Andrew Pendleton -- 2.Financial Intermediaries in the United States: Development and Impact on Firms and Employment Relations / Jae Eun Lee -- 3.Financialization, New Investment Funds, and Weakened Labour: The Case of the UK / Howard Gospel -- 4.Ambivalent Finance and Protected Labour: Alternative Investments and Labour Management in Australia / John Murray -- 5.Financialization and Ownership Change: Challenges for the German Model of Labour Relations / Peter Wilke -- 6.Contested Financialization? New Investment Funds in the Netherlands / Ewald Engelen -- 7.A Capital-Labour Accord on Financialization? The Growth and Impact of New Investment Funds in Sweden / Tomas Korpi -- 8.An Ìtalian Way to Private Equity'? The Rhetoric and the Reality / Bruno Cattero -- 9.Private Equity and Labour in a Transition Economy: The Case of Poland / Perceval Pradelle --10.Japan: Limits to Investment Fund Activity / Katsuyuki Kubo -- 11.New Investment Funds and Labour Impacts: Implications for Theories of Corporate Financialization and Comparative Capitalism / Sigurt Vitols
Control code
FIEb17522511
Dimensions
24 cm.
Edition
First edition.
Extent
xxii, 380 pages
Isbn
9780199653584
Media category
unmediated
Media MARC source
rdamedia.
Media type code
  • n
System control number
(OCoLC)856981081

Subject

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