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Title:Omistajuuden vaikutus: Suomalaisen työllisyyden kasvuun ja pysyvyyteen PDF Logo
Authors:Pajarinen, Mika
Rouvinen, Petri
Ylä-Anttila, Pekka
Issue Date:2011
Series/Report no.:ETLA discussion paper 1242
Abstract:The study investigates empirically how ownership affects firms' domestic employment and its fluctuations. We look at six different ownership categories: first generation family businesses, second generation (or older) family businesses, state-owned companies, foreign-owned companies, publicly listed companies, and others (e.g. co-operatives and non-listed, non-family companies). It turns out that ownership matters. Volatility of employment in listed companies is much higher than in other firms. State-owned companies show the highest stability in employment, and they have also reduced their personnel less than others during the economic crisis of 2008-2009. The group of 'second generation family businesses' shows higher stability of employment than 'first generation'. Family businesses (especially the second or subsequent generation enterprises) are typically not high-growth firms. They seem to prefer stability over swift growth.
Subjects:ownership structure
family business
business objectives
employment
growth
JEL:G32
L21
M14
Document Type:Working Paper
Appears in Collections:ETLA Discussion Papers, Research Institute of the Finnish Economy (ETLA)

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