Clark, I ORCID: https://orcid.org/0000-0001-7698-2715, 2013. Templates for financial control? Management and employees under the private equity business model. Human Resource Management Journal, 23 (2), pp. 144-159. ISSN 0954-5395
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Abstract
The term ‘private equity business model’ (PEBM) refers to private equity investors that delist publicly quoted firms, managing them as private equity‐controlled portfolio firms. But how and in what form do these investors diffuse a preferred template for the PEBM in portfolio firms? Is diffusion codified, institutionalised or merely tacit? What is the difference between these forms of diffusion? As a method of financial control, how is diffusion evident for managers and workers? Theoretically, while ‘financialisation’ is a contemporary pressure on the British economy, there is a ‘disconnection’ between competitive pressures for financialisation and the diffusion of practices to manage these pressures in portfolio firms. Forty‐two interviews in eight portfolio firms and five associated private equity firms concludes that potentially transformative and decisive restructuring for managers and workers is more evident than a defined template.
Item Type: | Journal article |
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Publication Title: | Human Resource Management Journal |
Creators: | Clark, I. |
Publisher: | Wiley-Blackwell |
Date: | April 2013 |
Volume: | 23 |
Number: | 2 |
ISSN: | 0954-5395 |
Identifiers: | Number Type 10.1111/j.1748-8583.2012.00192.x DOI |
Divisions: | Schools > Nottingham Business School |
Record created by: | Jonathan Gallacher |
Date Added: | 19 Nov 2018 13:45 |
Last Modified: | 19 Nov 2018 13:45 |
URI: | https://irep.ntu.ac.uk/id/eprint/35058 |
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