Private equity at work
Subtitle: when Wall Street manages Main Street
By: Eileen Appelbaum and Rosemary Batt
Contributors: Batt, Rosemary L., author
Publisher: Russell Sage Foundation
Published: 2014
Language: eng
Number of pages: 381
ISBN-13: 9780871540393
Subjects: Business enterprises; Industrial management; Private equity; Finance
Description: "Offers a new, original analysis of how private equity firms are affecting jobs and the sustainability of companies in a slow economic recovery. Also draws on extensive research to explain how the private equity business model creates incentives for excessive use of debt, putting healthy companies and their workers at risk. While demonstrating the constructive effects that some private equity firms have had, the book's research debunks commonly held myths about the industry and provides a nuanced analysis of private equity's contribution to economic inequality and unemployment. It also offers critical insights into policies that improve transparency, increase accountability and curb the negative effects of private equity." -- Publisher's description.
Notes: Includes bibliographical references and index.
Table of contents: title: Private equity: investors as managers; title: Institutional change and the emergence of private equity; title: The business model: how private equity makes money; title: The effects of the financial crisis, 2008 to 2012; title: The middle market, increasing focus after the crisis; title: How well do private equity funds perform?; title: Private equity's effects on jobs and labor; title: Dilemmas for pension funds as limited partners; title: Regulating private equity.