University of Hertfordshire

Restructuring for shareholder value and its implications for labour

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Restructuring for shareholder value and its implications for labour. / Froud, J.; Haslam, Colin; Johal, S.; Williams, K.

In: Cambridge Journal of Economics, Vol. 24, No. 6, 01.01.2000, p. 771-797.

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Froud, J. ; Haslam, Colin ; Johal, S. ; Williams, K. / Restructuring for shareholder value and its implications for labour. In: Cambridge Journal of Economics. 2000 ; Vol. 24, No. 6. pp. 771-797.

Bibtex

@article{da57661747fc473bb0b13a0e68937ad4,
title = "Restructuring for shareholder value and its implications for labour",
abstract = "This paper provides an accounting analysis of the implications for labour of restructuring for shareholder value. It presents argument and evidence from the UK which suggests that activity-specific limits on cost recovery constrain returns on capital These constraints encourage restructuring which aims to improve returns on capital through the reduction of labour costs. If labour loses directly, longer-term outcomes are more complex, as some workers who retain jobs may gain, and much depends on the macro context. Overall, in the context of present-day capitalism, serial restructuring is likely to be a negative process for labour that generates transitory benefits for capital.",
author = "J. Froud and Colin Haslam and S. Johal and K. Williams",
note = "Copyright 2007 Elsevier B.V., All rights reserved.",
year = "2000",
month = "1",
day = "1",
doi = "10.1093/cje/24.6.771",
language = "English",
volume = "24",
pages = "771--797",
journal = "Cambridge Journal of Economics",
issn = "0309-166X",
publisher = "Oxford University Press",
number = "6",

}

RIS

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T1 - Restructuring for shareholder value and its implications for labour

AU - Froud, J.

AU - Haslam, Colin

AU - Johal, S.

AU - Williams, K.

N1 - Copyright 2007 Elsevier B.V., All rights reserved.

PY - 2000/1/1

Y1 - 2000/1/1

N2 - This paper provides an accounting analysis of the implications for labour of restructuring for shareholder value. It presents argument and evidence from the UK which suggests that activity-specific limits on cost recovery constrain returns on capital These constraints encourage restructuring which aims to improve returns on capital through the reduction of labour costs. If labour loses directly, longer-term outcomes are more complex, as some workers who retain jobs may gain, and much depends on the macro context. Overall, in the context of present-day capitalism, serial restructuring is likely to be a negative process for labour that generates transitory benefits for capital.

AB - This paper provides an accounting analysis of the implications for labour of restructuring for shareholder value. It presents argument and evidence from the UK which suggests that activity-specific limits on cost recovery constrain returns on capital These constraints encourage restructuring which aims to improve returns on capital through the reduction of labour costs. If labour loses directly, longer-term outcomes are more complex, as some workers who retain jobs may gain, and much depends on the macro context. Overall, in the context of present-day capitalism, serial restructuring is likely to be a negative process for labour that generates transitory benefits for capital.

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U2 - 10.1093/cje/24.6.771

DO - 10.1093/cje/24.6.771

M3 - Article

AN - SCOPUS:0033664570

VL - 24

SP - 771

EP - 797

JO - Cambridge Journal of Economics

JF - Cambridge Journal of Economics

SN - 0309-166X

IS - 6

ER -