Private equity and the flight of the phoenix four-- the collapse of MG Rover in the UK
Bibliographic Data
| ID | 12913613 |
|---|---|
| Authors | David Bailey (0000-0002-1956-0556, Coventry University), Ian Clark (0000-0001-7698-2715, University of Birmingham), A De Ruyter (0000-0002-7965-6445, University of the West of Scotland) |
| Year | 2010 |
| Volume | 3 |
| Issue | 3 |
| Pages | 367-382 |
| Publication date | 2010-08-11 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Cambridge Journal of Regions Economy and Society (JOURNAL) |
| Journal identifiers | ISSN: 1752-1386 • E-ISSN: 1752-1378 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1093/cjres/rsq021 |
| OpenAlex | W2155903243 |
| Language | EN |
| Citations received | 5 |
| References cited | 12 |
This paper explores the nature of the co-called ‘private equity business model' (PEBM) and assesses its shortcomings, using the illustrative example of the role of private equity in structuring the finance and subsequent collapse of MG Rover, as the automotive industry has been a significant destination for private equity financing. The paper outlines the nature of the PEBM. It then details how the PEBM extracts value, before stressing how this can affect workers in a portfolio business. We argue that the emergence of the PEBM changes the basis of competitive rules in organizations and the running of erstwhile going concerns, necessitating a need for further regulation—particularly, how to secure wider stakeholder oversight without reducing the efficiency of PEBM concerns
Business · Economics · Equity (law · Industrial organization · Management · Phoenix · Political science · Portfolio · Private equity · Private equity firm · Private equity fund · Stakeholder · Structuring · Housing, Finance, and Neoliberalism · Private Equity and Venture Capital · State Capitalism and Financial Governance · Finance · Law
Financialization of the global economy
Private Equity and the Culture of Value Extraction
Auto plant closures, policy responses and labour market outcomes
Rover and out? Globalisation, the West Midlands auto cluster, and the end of MG Rover
A tale of two regions
The effects of private equity and buy-outs on HRM in the UK and the Netherlands
Assessing the impact of private equity on industrial relations in Europe
Owners and managers
Disconnected Capitalism
| Unique citing works | 5 |
|---|---|
| Citations per year | 0,33 |
| Citation span | 2011 - 2014 (4) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 5 |