The book examines the activities of often highly controversial investment funds, namely private equity, hedge funds, and sovereign wealth funds, and addresses widespread claims that these funds have adverse effects on companies and their employees. Dedicated chapters on the US, UK Australia, Germany, Netherlands, Sweden, Italy, Poland, and Japan examine the importance of these funds and considers the evidence relating to their effects on work and employment.
, Andrew Pendleton
, Sigurt Vitols
Oxford University Press
Country of Publication:
06 February 2014
Professional and scholarly
1: Howard Gospel and Andrew Pendleton: Financialization, New Investment Funds, and Labour 2: Eileen Appelbaum, Rosemary Batt, and Jae Eun Lee: Financial Intermediaries in the United States: Development and Impact on Firms and Employment Relations 3: Andrew Pendleton and Howard Gospel: Financialization, New Investment Funds, and Weakened Labour: The Case of the UK 4: Mark Westcott and John Murray: Ambivalent finance and protected labour. Alternative investments and labour management in Australia 5: Jakob Haves, Sigurt Vitols, and Peter Wilke: Financialization and ownership change: challenges for the German model of labour relations 6: Ewald Engelen: Contested Financialization: New Investment Funds in the Netherlands 7: Tomas Korpi: A Capital-Labour Accord on Financialization? The Growth and Impact of New Investment Funds in Sweden 8: Bruno Cattero: An Italian Way to Private Equity ? The Rhetoric and the Reality 9: Stefan Dunin-Wasowicz and Perceval Pradelle: Private Equity and Labour in a Transition Economy: the Case of Poland 10: Katsuyuki Kubo: Japan: Limits to Investment Fund Activity 11: Sigurt Vitols: New Investment Funds and Labour Impacts: Implications for Theories of Corporate Financialization and Comparative Capitalism
Howard Gospel is Professor of Management at King's College, University of London, and an Associate Fellow, Said Business School and Centre on Skills, Knowledge, and Organisational Performance, University of Oxford. Along with Andrew Pendleton he was the joint editor of Corporate Governance and Labour Management, also published by OUP. Andrew Pendleton is Professor of Human Resource Management at the University of York. He has written extensively on corporate governance and employee ownership. Sigurt Vitols is Head of the Project Group Modes of Economic Governance at the Wissenschaftszentrum Berlin fur Sozialforschung (WZB), Berlin, lecturer at the Free University of Berlin, and an associate researcher at the European Trade Union Institute. His research focuses on corporate governance, worker participation, financial institutions, and sustainable development.