TY - BOOK AU - Appelbaum,Eileen AU - Batt,Rosemary L. TI - Private equity at work: when Wall Street manages Main Street SN - 9780871540393 AV - HG4751.P758 2014 PY - 2014/// CY - New York PB - Russell Sage Foundation KW - Private equity KW - United States KW - Business enterprises KW - Finance KW - Industrial management KW - fast N1 - Includes bibliographical references (pages 307-363) and index; Private equity: investors as managers; Institutional change and the emergence of private equity; The business model: how private equity makes money; The effects of the financial crisis, 2008 to 2012; The middle market, increasing focus after the crisis; How well do private equity funds perform? ;; Private equity's effects on jobs and labor; Dilemmas for pension funds as limited partners; Regulating private equity; 2 N2 - "Offers a new, original analysis of how private equity firms are affecting jobs and the sustainability of companies in a slow economic recovery. Also draws on extensive research to explain how the private equity business model creates incentives for excessive use of debt, putting healthy companies and their workers at risk. While demonstrating the constructive effects that some private equity firms have had, the book's research debunks commonly held myths about the industry and provides a nuanced analysis of private equity's contribution to economic inequality and unemployment. It also offers critical insights into policies that improve transparency, increase accountability and curb the negative effects of private equity."--Publisher's description ER -