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http://hdl.handle.net/10419/44516
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| Title: | | Omistajuuden vaikutus: Suomalaisen työllisyyden kasvuun ja pysyvyyteen  |
| 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
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