Financialisation and the management of people: Are leveraged buyouts bad for intrinsic job quality?
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Date
2021
Journal Title
Journal ISSN
Volume Title
Publisher
John Wiley & Sons Ltd
Abstract
This paper provides the first nationally representative assess ment of intrinsic job quality in leveraged buyouts (LBOs).
We propose a workforce re-contracting perspective, which
views LBOs as having negative implications for some aspects
of intrinsic job quality (job demands) but positive implica tions for others (job resources), and employee wellbeing and
affective outcomes that are no different than in comparable
non-LBOs. Our empirical findings support this perspective.
Nevertheless, we find some evidence that certain LBO types
have more negative implications for specific elements of
intrinsic job quality than others. However, our overall find ings contribute towards studies suggesting that the impact
of LBOs on employees is modest, while also highlighting the
varying implications of different LBO types for employees.
Description
Keywords
financialisation, job quality