Financialization, new investment funds, and labour : an international comparison
Author(s)
Bibliographic Information
Financialization, new investment funds, and labour : an international comparison
Oxford University Press, 2014
Available at 12 libraries
  Aomori
  Iwate
  Miyagi
  Akita
  Yamagata
  Fukushima
  Ibaraki
  Tochigi
  Gunma
  Saitama
  Chiba
  Tokyo
  Kanagawa
  Niigata
  Toyama
  Ishikawa
  Fukui
  Yamanashi
  Nagano
  Gifu
  Shizuoka
  Aichi
  Mie
  Shiga
  Kyoto
  Osaka
  Hyogo
  Nara
  Wakayama
  Tottori
  Shimane
  Okayama
  Hiroshima
  Yamaguchi
  Tokushima
  Kagawa
  Ehime
  Kochi
  Fukuoka
  Saga
  Nagasaki
  Kumamoto
  Oita
  Miyazaki
  Kagoshima
  Okinawa
  Korea
  China
  Thailand
  United Kingdom
  Germany
  Switzerland
  France
  Belgium
  Netherlands
  Sweden
  Norway
  United States of America
Note
Includes bibliographical references and index
Description and Table of Contents
Description
The book provides a comprehensive, comparative treatment of the development of New Investment Funds (NIFs)-private equity, hedge funds, and sovereign wealth funds-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.
Table of Contents
- 1. Financialization, New Investment Funds, and Labour
- 2. Financial Intermediaries in the United States: Development and Impact on Firms and Employment Relations
- 3. Financialization, New Investment Funds, and Weakened Labour: The Case of the UK
- 4. Ambivalent finance and protected labour. Alternative investments and labour management in Australia
- 5. Financialization and ownership change: challenges for the German model of labour relations
- 6. Contested Financialization: New Investment Funds in the Netherlands
- 7. A Capital-Labour Accord on Financialization? The Growth and Impact of New Investment Funds in Sweden
- 8. An Italian Way to Private Equity ? The Rhetoric and the Reality
- 9. Private Equity and Labour in a Transition Economy: the Case of Poland
- 10. Japan: Limits to Investment Fund Activity
- 11. New Investment Funds and Labour Impacts: Implications for Theories of Corporate Financialization and Comparative Capitalism
by "Nielsen BookData"