The Impact of Private Equity on Employment: The Consequences of Fund Country of Origin—New Evidence from France

Abstract

This article explores the country of origin effects of private equity investment on employment in France. Using propensity score matching methodology applied to establishment‐level survey data, we find that foreign investors are significantly more likely to induce job shedding and employment insecurity than are French investors. As suggested by the literature on comparative capitalism, national differences may persist in conjunction with commonalities and trends in global capitalism.