메뉴 건너뛰기




Volumn 61, Issue 10, 2008, Pages 1399-1433

The effects of private equity and buy-outs on HRM in the UK and the Netherlands

Author keywords

Buy outs; Comparative study; Corporate governance; Human resources and industrial relations; Ownership change; Private equity

Indexed keywords


EID: 52349101490     PISSN: 00187267     EISSN: 1741282X     Source Type: Journal    
DOI: 10.1177/0018726708095709     Document Type: Article
Times cited : (41)

References (72)
  • 6
    • 33750691958 scopus 로고    scopus 로고
    • Strategic human resources management: Where do we go from here?
    • Becker, B.E. & Huselid, M.A. Strategic human resources management: Where do we go from here? Journal of Management, 2006, 32, 898-925.
    • (2006) Journal of Management , vol.32 , pp. 898-925
    • Becker, B.E.1    Huselid, M.A.2
  • 8
    • 85011249811 scopus 로고    scopus 로고
    • Entrepreneurial orientation in management buy-outs and the contribution of venture capital
    • Bruining, J. & Wright, M. Entrepreneurial orientation in management buy-outs and the contribution of venture capital. Venture Capital, 2002, 4, 147-68.
    • (2002) Venture Capital , vol.4 , pp. 147-68
    • Bruining, J.1    Wright, M.2
  • 9
    • 17044408750 scopus 로고    scopus 로고
    • Business ownership change and effects on the employee relationship: An exploratory study of buyouts in the UK and the Netherlands
    • Bruining, H., Boselie, P., Wright, M. & Bacon, N. Business ownership change and effects on the employee relationship: An exploratory study of buyouts in the UK and the Netherlands. International Journal of Human Resource Management, 2005, 16, 345-63.
    • (2005) International Journal of Human Resource Management , vol.16 , pp. 345-63
    • Bruining, H.1    Boselie, P.2    Wright, M.3    Bacon, N.4
  • 10
    • 84986409852 scopus 로고
    • Econometric models based on count data: Comparisons and applications of some estimators and tests
    • Cameron, A. & Trivedi, P. Econometric models based on count data: Comparisons and applications of some estimators and tests. Journal of Applied Econometrics, 1986, 1, 29-53.
    • (1986) Journal of Applied Econometrics , vol.1 , pp. 29-53
    • Cameron, A.1    Trivedi, P.2
  • 11
    • 52349100588 scopus 로고    scopus 로고
    • CMBOR Market Overview and the Netherlands
    • In M. Wright, A. Burrows & A. Scholes (Eds), Nottingham: Centre for Management Buy-out Research
    • CMBOR Market Overview and The Netherlands. In M. Wright, A. Burrows & A. Scholes (Eds), European management buy-outs. Nottingham: Centre for Management Buy-out Research, 2005.
    • (2005) European Management Buy-outs
  • 12
    • 33747277144 scopus 로고    scopus 로고
    • How much do high-performance work practices matter? A meta-analysis of their effects on organizational performance
    • Combs, J., Yongmei, L., Hall, A. & Ketchen, D. How much do high-performance work practices matter? A meta-analysis of their effects on organizational performance. Personnel Psychology, 2006, 59, 501-28.
    • (2006) Personnel Psychology , vol.59 , pp. 501-28
    • Combs, J.1    Yongmei, L.2    Hall, A.3    Ketchen, D.4
  • 13
    • 34548055648 scopus 로고    scopus 로고
    • Playing to their strengths? Evidence that specialization in the Private Equity industry confers competitive advantage
    • Cressy, R., Munari, F. & Malipiero, A. Playing to their strengths? Evidence that specialization in the Private Equity industry confers competitive advantage. Journal of Corporate Finance, 2007, 13, 647-68.
    • (2007) Journal of Corporate Finance , vol.13 , pp. 647-68
    • Cressy, R.1    Munari, F.2    Malipiero, A.3
  • 15
    • 0001456567 scopus 로고
    • Porter's (1980) generic strategies as determinants of strategic group membership and organizational performance
    • Dess, G.G. & Davis, P.S. Porter's (1980) generic strategies as determinants of strategic group membership and organizational performance. Academy of Management Journal, 1984, 27, 467-88.
    • (1984) Academy of Management Journal , vol.27 , pp. 467-88
    • Dess, G.G.1    Davis, P.S.2
  • 18
    • 0034551221 scopus 로고    scopus 로고
    • Measurement error in research on the human resources and firm performance relationship: Further evidence and analysis
    • Gerhart, B., Wright, P.M. & McMahan, G.C. Measurement error in research on the human resources and firm performance relationship: Further evidence and analysis. Personnel Psychology, 2000 a, 53, 855-72.
    • (2000) Personnel Psychology , vol.53 , pp. 855-72
    • Gerhart, B.1    Wright, P.M.2    McMahan, G.C.3
  • 19
    • 0034554106 scopus 로고    scopus 로고
    • Measurement error in research on human resources and firm performance: How much error is there and how does it influence effect size estimates?
    • Gerhart, B., Wright, P.M., McMahan, G.C. & Snell, S.A. Measurement error in research on human resources and firm performance: How much error is there and how does it influence effect size estimates? Personnel Psychology, 2000 b, 53, 803-34.
    • (2000) Personnel Psychology , vol.53 , pp. 803-34
    • Gerhart, B.1    Wright, P.M.2    McMahan, G.C.3    Snell, S.A.4
  • 21
    • 0004296209 scopus 로고    scopus 로고
    • Englewood Cliffs, NJ: Prentice-Hall International
    • Greene, W.H. Econometric analysis. Englewood Cliffs, NJ: Prentice-Hall International, 1997.
    • (1997) Econometric Analysis
    • Greene, W.H.1
  • 23
    • 0034552621 scopus 로고    scopus 로고
    • The interaction between product market and financing strategy: The role of venture capital
    • Hellman, T. & Puri, M. The interaction between product market and financing strategy: the role of venture capital. The Review of Financial Studies, 2000, 13, 959-84.
    • (2000) The Review of Financial Studies , vol.13 , pp. 959-84
    • Hellman, T.1    Puri, M.2
  • 24
    • 52349124685 scopus 로고    scopus 로고
    • Het Financieel Dagblad. Algemeen Nederlands Persbureau (ANP)
    • Het Financieel Dagblad. Algemeen Nederlands Persbureau (ANP). HEMA sluit vrede met bonden na CAO-strijd, 31 March 2006.
    • (2006) HEMA Sluit Vrede Met Bonden Na CAO-strijd
  • 25
    • 0002928957 scopus 로고
    • Mergers and acquisitions and managerial commitment to innovation in m-form firms
    • Hitt, M.A., Hoskisson, R.E. & Ireland, R.D. Mergers and acquisitions and managerial commitment to innovation in m-form firms. Strategic Management Journal, 1990, 11, 29-47.
    • (1990) Strategic Management Journal , vol.11 , pp. 29-47
    • Hitt, M.A.1    Hoskisson, R.E.2    Ireland, R.D.3
  • 27
    • 13144250328 scopus 로고
    • The impact of human resource management practices on turnover, productivity, and corporate financial performance
    • Huselid, M.A. The impact of human resource management practices on turnover, productivity, and corporate financial performance. Academy of Management Journal, 1995, 38, 635-72.
    • (1995) Academy of Management Journal , vol.38 , pp. 635-72
    • Huselid, M.A.1
  • 28
    • 23044523881 scopus 로고    scopus 로고
    • Comment on 'Measurement error in research on human resources and firm performance: How much error is there and how does it influence effect size estimates?' by Gerhart, Wright, McMahan, and Snell
    • Huselid, M.A. & Becker, B.E. Comment on 'Measurement error in research on human resources and firm performance: How much error is there and how does it influence effect size estimates?' by Gerhart, Wright, McMahan, and Snell. Personnel Psychology, 2000, 53, 835-54.
    • (2000) Personnel Psychology , vol.53 , pp. 835-54
    • Huselid, M.A.1    Becker, B.E.2
  • 32
    • 0001066475 scopus 로고
    • Agency costs of free cash flow, corporate finance and takeovers
    • Jensen, M. Agency costs of free cash flow, corporate finance and takeovers. American Economic Review, 1986, 76, 323-30.
    • (1986) American Economic Review , vol.76 , pp. 323-30
    • Jensen, M.1
  • 33
    • 84863208239 scopus 로고
    • Assessing generic strategies: An empirical investigation of two competing typologies in discrete manufacturing industries
    • Kotha, S. & Vadlamani, B.L. Assessing generic strategies: An empirical investigation of two competing typologies in discrete manufacturing industries. Strategic Management Journal, 1995, 16, 75-83.
    • (1995) Strategic Management Journal , vol.16 , pp. 75-83
    • Kotha, S.1    Vadlamani, B.L.2
  • 34
    • 84956820102 scopus 로고
    • Conducting interorganizational research using key informants
    • Kumar, N., Stern, L.W. & Anderson, J.C. Conducting interorganizational research using key informants. Academy of Management Journal, 1993, 36, 1633-51.
    • (1993) Academy of Management Journal , vol.36 , pp. 1633-51
    • Kumar, N.1    Stern, L.W.2    Anderson, J.C.3
  • 35
    • 84993865817 scopus 로고
    • Venture capitalists and the oversight of private firms
    • Lerner, J. Venture capitalists and the oversight of private firms. Journal of Finance, 1995, 50, 301-18.
    • (1995) Journal of Finance , vol.50 , pp. 301-18
    • Lerner, J.1
  • 36
    • 84925973152 scopus 로고
    • The effects of formal employee participation in ownership and decision-making on perceived and desired patterns of organisational influence: A longitudinal study
    • Long, R. The effects of formal employee participation in ownership and decision-making on perceived and desired patterns of organisational influence: A longitudinal study. Human Relations, 1981, 34, 847-76.
    • (1981) Human Relations , vol.34 , pp. 847-76
    • Long, R.1
  • 39
    • 84973741551 scopus 로고
    • An examination of organizational commitment in six workers' cooperatives in Scotland
    • Oliver, N. An examination of organizational commitment in six workers' cooperatives in Scotland. Human Relations, 1984, 37, 29-46.
    • (1984) Human Relations , vol.37 , pp. 29-46
    • Oliver, N.1
  • 41
    • 17044367244 scopus 로고    scopus 로고
    • Challenging 'strategic HRM' and the relevance of the institutional setting
    • Paauwe, J. & Boselie, P. Challenging 'strategic HRM' and the relevance of the institutional setting. Human Resource Management Journal, 2003, 13, 56-70.
    • (2003) Human Resource Management Journal , vol.13 , pp. 56-70
    • Paauwe, J.1    Boselie, P.2
  • 42
    • 33646410962 scopus 로고    scopus 로고
    • Market and relationships: Finance, governance, and labour in the United Kingdom
    • H. Gospel & A. Pendleton (Eds), Oxford : Oxford University Press
    • Pendleton, A. & Gospel, H. Market and relationships: Finance, governance, and labour in the United Kingdom. In H. Gospel & A. Pendleton (Eds), Corporate governance and labour management: An international comparison. Oxford: Oxford University Press, 2005, pp. 59-83.
    • (2005) Corporate Governance and Labour Management: An International Comparison , pp. 59-83
    • Pendleton, A.1    Gospel, H.2
  • 43
    • 0032364680 scopus 로고    scopus 로고
    • The perceptions and effects of share ownership: Empirical evidence from employee buy-outs
    • Pendleton, A., Wilson, N. & Wright, M. The perceptions and effects of share ownership: Empirical evidence from employee buy-outs. British Journal of Industrial Relations, 1998, 36, 99-124.
    • (1998) British Journal of Industrial Relations , vol.36 , pp. 99-124
    • Pendleton, A.1    Wilson, N.2    Wright, M.3
  • 45
    • 21844491880 scopus 로고
    • Organizational restructuring and economic performance in leveraged buyouts: An ex post study
    • Phan, P.H. & Hill, C.W.L. Organizational restructuring and economic performance in leveraged buyouts: An ex post study. Academy of Management Journal, 1995, 38, 704-40.
    • (1995) Academy of Management Journal , vol.38 , pp. 704-40
    • Phan, P.H.1    Hill, C.W.L.2
  • 46
    • 0141907688 scopus 로고    scopus 로고
    • Common method biases in behavioural research: A critical review of the literature and recommended remedies
    • Podsakoff, P., Mackenize, S. & Lee, J-Y. Common method biases in behavioural research: A critical review of the literature and recommended remedies. Journal of Applied Psychology, 2003, 88, 879-903.
    • (2003) Journal of Applied Psychology , vol.88 , pp. 879-903
    • Podsakoff, P.1    MacKenize, S.2    Lee, J.-Y.3
  • 48
    • 52349100160 scopus 로고    scopus 로고
    • Corporate governance and labour management in the Netherlands: Getting the best of both worlds?
    • H. Gospel & A. Pendleton (Eds), Oxford: Oxford University Press
    • Poutsma, E. & Braam, G. Corporate governance and labour management in the Netherlands: Getting the best of both worlds? In H. Gospel & A. Pendleton (Eds), Corporate governance and labour management: An international comparison. Oxford: Oxford University Press, 2005, pp. 148-72.
    • (2005) Corporate Governance and Labour Management: An International Comparison , pp. 148-72
    • Poutsma, E.1    Braam, G.2
  • 50
    • 84973727713 scopus 로고
    • Conventional vs worker-owned organisations
    • Rhodes, S. & Steers, R. Conventional vs worker-owned organisations. Human Relations, 1981, 34, 1013-35.
    • (1981) Human Relations , vol.34 , pp. 1013-35
    • Rhodes, S.1    Steers, R.2
  • 53
    • 84964116758 scopus 로고
    • Strategic human resource management and industrial relations
    • Schuler, R.S. Strategic human resource management and industrial relations. Human Relations, 1989, 42, 157-84
    • (1989) Human Relations , vol.42 , pp. 157-84
    • Schuler, R.S.1
  • 54
    • 84970199650 scopus 로고
    • Determinants of human resource management priorities and implications for industrial relations
    • Schuler, R.S. & Jackson, S.E. Determinants of human resource management priorities and implications for industrial relations. Journal of Management, 1989, 15, 89-99.
    • (1989) Journal of Management , vol.15 , pp. 89-99
    • Schuler, R.S.1    Jackson, S.E.2
  • 55
    • 0030671597 scopus 로고    scopus 로고
    • A UK hands-off venture capital firm and the handling of post-investment investor-investee relationships
    • Sweeting, R. & Wong, C. A UK hands-off venture capital firm and the handling of post-investment investor-investee relationships. Journal of Management Studies, 1997, 34, 125-52.
    • (1997) Journal of Management Studies , vol.34 , pp. 125-52
    • Sweeting, R.1    Wong, C.2
  • 56
    • 0000614324 scopus 로고
    • Corporate governance: The role of restructuring transactions
    • Thompson, S. & Wright, M. Corporate governance: The role of restructuring transactions. Economic Journal, 1995, 105, 690-704.
    • (1995) Economic Journal , vol.105 , pp. 690-704
    • Thompson, S.1    Wright, M.2
  • 58
    • 2542545173 scopus 로고    scopus 로고
    • Managing without traditional owners
    • P.C. Flood, M.J. Gannon & J. Paauwe (Eds), Wokingham: Addison-Wesley
    • Van Neerven, T., Bruining, H. & Paauwe, J. Managing without traditional owners. In P.C. Flood, M.J. Gannon & J. Paauwe (Eds), Managing without traditional methods. Wokingham: Addison-Wesley, 1996, pp. 105-46.
    • (1996) Managing Without Traditional Methods , pp. 105-46
    • Van Neerven, T.1    Bruining, H.2    Paauwe, J.3
  • 59
    • 84896216398 scopus 로고    scopus 로고
    • Unions and unionism around the world
    • J.T. Addison & C. Schnabel (Eds), Cheltenham: Edward Elgar
    • Visser, J. Unions and unionism around the world. In J.T. Addison & C. Schnabel (Eds), International handbook of trade unions. Cheltenham: Edward Elgar, 2003, pp. 366-414.
    • (2003) International Handbook of Trade Unions , pp. 366-414
    • Visser, J.1
  • 61
    • 22544466753 scopus 로고    scopus 로고
    • The romance of human resource management and business performance and the case for big science
    • Wall, T.D. & Wood, S.J. The romance of human resource management and business performance and the case for big science. Human Relations, 2005, 58, 1-34.
    • (2005) Human Relations , vol.58 , pp. 1-34
    • Wall, T.D.1    Wood, S.J.2
  • 62
    • 0001801662 scopus 로고
    • From control to commitment in the workplace
    • Walton, R.E. From control to commitment in the workplace. Harvard Business Review, 1985, 63, 77-84.
    • (1985) Harvard Business Review , vol.63 , pp. 77-84
    • Walton, R.E.1
  • 66
    • 70449589985 scopus 로고    scopus 로고
    • Private equity and buyouts: Employment, remuneration and other HRM practices
    • Wright, M., Bacon, N. & Amess, K. Private equity and buyouts: Employment, remuneration and other HRM practices. Journal of Industrial Relations, forthcoming.
    • Journal of Industrial Relations
    • Wright, M.1    Bacon, N.2    Amess, K.3
  • 68
    • 2542548248 scopus 로고
    • Management buyouts and trade unions: Dispelling the myths
    • Wright, M., Coyne, J. & Lockley, H. Management buyouts and trade unions: dispelling the myths. Industrial Relations Journal, 1984, 15, 45-52.
    • (1984) Industrial Relations Journal , vol.15 , pp. 45-52
    • Wright, M.1    Coyne, J.2    Lockley, H.3
  • 69
    • 0000812392 scopus 로고    scopus 로고
    • The development of an organisational innovation: Management buy-outs in the UK 1980-97
    • Wright, M., Robbie, K., Chiplin, B. & Albrighton, M. The development of an organisational innovation: Management buy-outs in the UK 1980-97. Business History, 2000 a, 42, 137-84.
    • (2000) Business History , vol.42 , pp. 137-84
    • Wright, M.1    Robbie, K.2    Chiplin, B.3    Albrighton, M.4
  • 70
    • 0034215095 scopus 로고    scopus 로고
    • Entrepreneurial growth through privatization: The upside of management buyouts
    • Wright, M., Hoskisson, R.E., Busenitz, L.W. & Dial, J. Entrepreneurial growth through privatization: The upside of management buyouts. Academy of Management Review, 2000 b, 25, 591-601.
    • (2000) Academy of Management Review , vol.25 , pp. 591-601
    • Wright, M.1    Hoskisson, R.E.2    Busenitz, L.W.3    Dial, J.4
  • 71
    • 0035729321 scopus 로고    scopus 로고
    • Measurement error in research on human resources and firm performance: Additional data and suggestions for future research
    • Wright, P.M., Gardner, T.M., Moynihan, L.M., Park, H.J., Gerhart, B. & Delery, J.E. Measurement error in research on human resources and firm performance: Additional data and suggestions for future research. Personnel Psychology, 2001, 54, 875-901.
    • (2001) Personnel Psychology , vol.54 , pp. 875-901
    • Wright, P.M.1    Gardner, T.M.2    Moynihan, L.M.3    Park, H.J.4    Gerhart, B.5    Delery, J.E.6
  • 72
    • 0000839559 scopus 로고
    • Corporate entrepreneurship and financial performance: The case of management leveraged buy-outs
    • Zahra, S.A. Corporate entrepreneurship and financial performance: The case of management leveraged buy-outs. Journal of Business Venturing, 1995, 10, 225-47.
    • (1995) Journal of Business Venturing , vol.10 , pp. 225-47
    • Zahra, S.A.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.