Le Private Equity est-il bon pour l'emploi ?

Quelles sont les conséquences du private equity sur l'emploi. Deux études aux conclusions opposées ont été tout récemment publiées.

La première nous vient de l'industrie du Private equity elle-même (voir le communiqué du Private Equity Council à ce sujet), et, on peut y lire que :

"For the jobs study, Drs. Shapiro and Pham examined data from 42 large companies acquired by eight major private equity firms between 2002 and 2005 and found that overall employment rose from 310,420 to 336,634, a net increase of 8.4 percent. The companies studied represent 60 percent of all acquisitions valued at $250 million or more made by the eight firms between 2002 and 2005, and 70 percent of the total dollars invested in deals over the $250 million level in the period"

La seconde a été réalisée pour le forum de Davos et ses conclusions sont plus mitigées :

"In perhaps the most extensive study conducted on the issue, the World Economic Forum plans to announce on Friday the results of yearlong examination of 5,000 private equity transactions from 1980 through 2005. The answer? Well, the study found that private equity does not create more jobs, but the Gordon Gekko stereotype may be too harsh. Companies owned by private equity shed, on average, about 1 percent more jobs than their peers."