Financialization, New Investment Funds, and Weakened Labour: The Case of the UK
Financialization, New Investment Funds, and Weakened Labour: The Case of the UK
复制标题
金融化、新投资基金和劳动力被削弱:英国的案例
DOI:
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发表时间:
2014
期刊:
影响因子:
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通讯作者:
H. Gospel
中科院分区:
文献类型:
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作者:
A. Pendleton;H. Gospel
The chapter shows that the UK has the highest levels of PE, HF, and SWF activity in Europe. This is explained primarily by the permissive nature of UK financial and securities regulation and, to a lesser extent, of labour regulation. Fund activity grew significantly up to 2007 and then declined in the case of PE and HFs; since 2010, there has been a recovery in PE and HF activity. It is rare for NIFs to consult with labour before and during the acquisition process. NIF intervention and acquisition does create some turbulence in employment, with initial job loss, though also with later job creation. Evidence on the effect on industrial relations is limited, but suggests that in most cases NIFs do not make major changes. Since the recession there have been several high profile cases of PE having a negative effect on employment systems.