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Private equity as a commodification of companies: the case of the German automotive supply industry

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  • Christoph Scheuplein

Abstract

Private equity is a form of financialization in which companies become commodities. This paper examines for the first time the impact of private equity on a single sector, the automotive supply industry, in a coordinated market economy. It demonstrates that companies hereby entered a cycle of uncertainty: many were taken over by financial investors several times, they were divorced from their regional production ties, and were given international owners. In addition, corporate governance changed, keeping employees away from traditional information and decision-making channels

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  • Christoph Scheuplein, 2021. "Private equity as a commodification of companies: the case of the German automotive supply industry," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 24(4), pages 472-487, October.
    • Handle: RePEc:taf:jpolrf:v:24:y:2021:i:4:p:472-487
    DOI: 10.1080/17487870.2019.1637590
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    1. Scheuplein, Christoph, 2022. "Private equity in Germany: An assessment of transaction, structures and players," Study / edition der Hans-Böckler-Stiftung, Hans-Böckler-Stiftung, Düsseldorf, volume 127, number 470, March.

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