All Outputs (2)

Do investments in human capital lead to employee share ownership? Evidence from French establishments (2014)
Journal Article
Guery, L., & Pendleton, A. (2016). Do investments in human capital lead to employee share ownership? Evidence from French establishments. Economic and Industrial Democracy, 37(3), 567-591. https://doi.org/10.1177/0143831x14551999

Investments in human capital can create a hold-up problem whereby both employers and employees exploit the bargaining weaknesses of the other. Employee share ownership (ESO) can mitigate this hold-up problem because it can align interests, develop lo... Read More about Do investments in human capital lead to employee share ownership? Evidence from French establishments.

Financialization, new investment funds, and weakened labour: the case of the UK (2014)
Book Chapter
Pendleton, A., & Gospel, H. (2014). Financialization, new investment funds, and weakened labour: the case of the UK. In H. Gospel, A. Pendleton, & S. Vitols (Eds.), Financialization, new investment funds, and labour : an international comparison (86-114). Oxford University Press. https://doi.org/10.1093/acprof%3Aoso/9780199653584.003.0003

The chapter shows that the UK has the highest levels of PE, HF, and SWF activity in Europe. This is explained primarily by the permissive nature of UK financial and securities regulation and, to a lesser extent, of labour regulation. Fund activity gr... Read More about Financialization, new investment funds, and weakened labour: the case of the UK.