Person:
Goergen, Marc

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Marc
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Goergen
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IE University
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IE Business School
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Finance
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2012 - 20193
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Author: Wood, Geoffrey × End date: 2019 ×

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Now showing 1 - 3 of 3
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    Publication
    Sovereign wealth funds, productivity and people The impact of Norwegian Government Pension Fund-Global investments in the United Kingdom
    (Wiley, 2018-04-03) Goergen, Marc; O'Sullivan, Noel; Wood, Geoffrey; Baric, Marijana; https://ror.org/02jjdwm75
    Sovereign wealth funds have an increasing presence in the globalfinancial ecosystem, principally through their investments in equi-ties, which, in turn, may influence HRM. This study examines theinfluence of the world's largest sovereign wealth fund, the Norwe-gian Government Pension Fund‐Global (NGPF‐G), on employmentin its U.K. investee firms. We find that firms with NGPF‐G invest-ment are significantly less likely to reduce their demand for labour,more specifically in the immediate aftermath of the 2008 financialcrisis. When a drop in the demand for labour does occur, it is lessextreme when compared to similar organisations without a NGPF‐Gshareholding, and this is evident even in the case of relatively smallNGPF‐G investments. These findings are in line with the fund's objec-tive of promoting corporate sustainability and Norwegian values.We draw out the key implications of our findings for HR practice.
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    Publication
    Private Equity and Employment
    (2012-01-01) Goergen, Marc; O’Sullivan, Noel; Wood, Geoffrey; Springer International Publishing; https://ror.org/02jjdwm75
    Private equity houses are normally structured in the form of private partnerships, with the silent partners, typically institutional investors and the odd wealthy individuals providing the financing, while the general partners choose the firms to be acquired. The general managers charge a fixed management fee for their efforts and they also receive a percentage of the profits – confusingly called carried interest – when the private equity house exits an investee firm. Investee firms are typically acquired through debt finance with a fairly minor share of the financing being in the form of equity (Brealey et al. 2022). Private equity acquisitions – or for that matter, even for the growing number of firms where private equity merely takes a minority stake – may have quite profound effects not only on financial performance but also on the long-term sustainability of the firm, and indeed, on a wide range of stakeholders, most notably employees (Goergen 2022)....
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    Publication
    The relationship between public listing, context, multi-nationality and internal CSR
    (Elsevier, 2019-08) Goergen, Marc; Chahine, Salim; Wood, Geoffrey; Brewster, Chris; https://ror.org/02jjdwm75
    Are MNEs more socially responsible, and where is this more likely to occur? Are firms less responsible in emerging or transitional economies, and what impact does the dominant national corporate governance regime have? We explore the association between public listing and the existence of a CSR code within specific institutional settings and assess whether MNEs are any different to their local counterparts, based on an internationally comparative survey. We find that listed firms as well as firms from civil law countries are more likely to have CSR statements. MNEs are also more likely to have CSR statements, independent of their country of origin. While we find consistent evidence of a correlation between the existence of a CSR statement and investment in staff training, the correlation between the former and employee-friendly HRM is weaker