Labor regulations and European private equity
By: Ant Bozkaya, William R. Kerr.
Contributors: Kerr, William R.; National Bureau of Economic Research.
Series: NBER working paper series -- working paper 15627; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 15627.
Publisher: National Bureau of Economic Research
Published: 2009
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Description: "European nations substitute between employment protection regulations and labor market expenditures (e.g., unemployment insurance benefits) for providing worker insurance.  Employment regulations more directly tax firms making frequent labor adjustments than other labor insurance mechanisms.  Venture capital and private equity investors are especially sensitive to these labor adjustment costs.  Nations favoring labor expenditures as the mechanism for providing worker insurance developed stronger private equity markets in high volatility sectors over 1990-2004.  These patterns are further evident in US investments into Europe.  In this context, policy mechanisms are more important than the overall insurance level provided"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 1/5/2010.

Includes bibliographical references.

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