D’événements ponctuels répondant à une situation de crise, les restructurations sont devenues pour les entreprises des processus permanents d’adaptation continue qui ne vont pas sans engendrer quotidiennement leur lot de fermetures et de licenciements collectifs avec lesquels ont à composer toutes les sociétés industrialisées. Les enjeux que posent les restructurations pour les acteurs – gestionnaires, gouvernements, syndicats, communauté locale – de même que les nombreuses dimensions qu’elles comportent – économique, sociale, juridique, managériale, politique, historique, institutionnelle – mettent en évidence la complexité de ces événements et soulèvent plusieurs questions. En quoi les crises, notamment la dernière crise financière, marquent-t-elles l’évolution des restructurations? Quelles sont les logiques économiques, institutionnelles, sociales et politiques qui les sous-tendent? Comment les institutions nationales et le territoire influencent-ils la nature et les conséquences des restructurations? Quelles sont les dynamiques d’acteurs auxquelles donnent lieu les processus de restructuration? Dans cet ouvrage d’un grand intérêt pour la théorie et la pratique, les auteurs et auteures se sont ainsi intéressés aux causes des restructurations, à leurs enjeux, aux processus qu’elles impliquent ainsi qu’à leurs répercussions, notamment sur le travail et l’emploi. Ils et elles ont étudié les restructurations en Australie, au sein de l’Union européenne, au Mexique, au Canada et au Québec, donnant ainsi à l’ouvrage une perspective internationale qui fait ressortir la nécessité de mette en contexte ces événements. L’expertise multidisciplinaire mise à contribution dans cet ouvrage permet de jeter un regard multidimensionnel original appréhendant les restructurations sous différents angles analytiques.

'This volume brings together leading scholars from around the world and a cross-section of some of the most exciting and cutting edge of research on transnational capitalists. the varied contributions are timely. They provide great insight into the structures and processes behind today's international business and political headlines. It is a must read for scholars and students of the new global capitalism.' – William I. Robinson, University of California at Santa Barbara, US This absorbing book addresses the seemingly simple question of who rules the world by linking it to debates about who owns the world and what this means for the dynamics of global power distribution. Several expert contributors focus on global issues, including the role of transnational finance, interlocking directorates, ownership and tax havens. Others examine how these issues at the global level interact with the regional or nation state level in the US, the UK, China, Australia and Mexico. the books scrutinizes globalization from a fresh, holistic perspective, examining the relationship between the national and transnational to uncover the most significant structures and agents of power. Possible policy futures are also considered. Academics and researchers across a varied spectrum of fields encompassing business and management, international studies and public policy will find this book both fascinating and important.

Institutional Investors' Power to Change Corporate Behavior

This, the second volume on labour flexibility, deals with how it can be reconciled with social cohesion. Following the Council of Europe's Forum 2005: Reconciling labour flexibility with social cohesion, it aims to present ideas useful for political action for integration with the European social model. It is divided into three parts. The first looks at the framework of reconciliation and describes the complexity of uncertainty and changes in the structure of labour markets. The second part is entitled the space for reconciliation and covers mobility, social protection, the quality of transitions and the quality of family life. The final part covers the methodology of reconciliation, including the model proposed by the Council of Europe.

Non-profit Governance offers 12 perspectives and analytical frameworks to facilitate the development of governance in non-profit organisations (NPOs). In this sector, governance is all the more important because it is often voluntary. Organisations therefore need to be supported in their management, accountability, and strategy. International standards (in particular ISO 37000:2021, dedicated to the governance of organisations) propose key principles to ensure value creation around stakeholder engagement, leadership, risk governance, social responsibility, and organisational sustainability. This book proposes to explore and adapt these principles to the non-profit sector. To do this, the book focuses on four facets of governance: the controls it puts in place, the stakeholders it must listen to and manage, the performance it must monitor, and, finally, the people it must lead and mobilise. The book also highlights the interest of governance mechanisms and processes in developing effective performance, ethics in NPOs and responsible management. Each chapter therefore takes one or more of the principles of ISO 37000:2021 in the non-profit context and builds an analytical framework around them. These 12 frameworks can thus be used by the organisations themselves to develop their governance practices and by researchers who will find original approaches to incorporate into their studies.

Private equity firms have long been at the center of public debates on the impact of the financial sector on Main Street companies. Are these firms financial innovators that save failing businesses or financial predators that bankrupt otherwise healthy companies and destroy jobs? The first comprehensive examination of this topic, Private Equity at Work provides a detailed yet accessible guide to this controversial business model. Economist Eileen Appelbaum and Professor Rosemary Batt carefully evaluate the evidence—including original case studies and interviews, legal documents, bankruptcy proceedings, media coverage, and existing academic scholarship—to demonstrate the effects of private equity on American businesses and workers. They document that while private equity firms have had positive effects on the operations and growth of small and mid-sized companies and in turning around failing companies, the interventions of private equity more often than not lead to significant negative consequences for many businesses and workers. Prior research on private equity has focused almost exclusively on the financial performance of private equity funds and the returns to their investors. Private Equity at Work provides a new roadmap to the largely hidden internal operations of these firms, showing how their business strategies disproportionately benefit the partners in private equity firms at the expense of other stakeholders and taxpayers. In the 1980s, leveraged buyouts by private equity firms saw high returns and were widely considered the solution to corporate wastefulness and mismanagement. And since 2000, nearly 11,500 companies—representing almost 8 million employees—have been purchased by private equity firms. As their role in the economy has increased, they have come under fire from labor unions and community advocates who argue that the proliferation of leveraged buyouts destroys jobs, causes wages to stagnate, saddles otherwise healthy companies with debt, and leads to subsidies from taxpayers. Appelbaum and Batt show that private equity firms’ financial strategies are designed to extract maximum value from the companies they buy and sell, often to the detriment of those companies and their employees and suppliers. Their risky decisions include buying companies and extracting dividends by loading them with high levels of debt and selling assets. These actions often lead to financial distress and a disproportionate focus on cost-cutting, outsourcing, and wage and benefit losses for workers, especially if they are unionized. Because the law views private equity firms as investors rather than employers, private equity owners are not held accountable for their actions in ways that public corporations are. And their actions are not transparent because private equity owned companies are not regulated by the Securities and Exchange Commission. Thus, any debts or costs of bankruptcy incurred fall on businesses owned by private equity and their workers, not the private equity firms that govern them. For employees this often means loss of jobs, health and pension benefits, and retirement income. Appelbaum and Batt conclude with a set of policy recommendations intended to curb the negative effects of private equity while preserving its constructive role in the economy. These include policies to improve transparency and accountability, as well as changes that would reduce the excessive use of financial engineering strategies by firms. A groundbreaking analysis of a hotly contested business model, Private Equity at Work provides an unprecedented analysis of the little-understood inner workings of private equity and of the effects of leveraged buyouts on American companies and workers. This important new work will be a valuable resource for scholars, policymakers, and the informed public alike.