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Towards a 'Managerial Revolution' in European Business? The transformation of Danish and Spanish Big Business, 1973-2003

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  • Veronica Binda
  • Martin Jes Iversen

Abstract

This article examines the growth strategies and ownership of the 40 largest corporations in Spain and Denmark from 1973 to 2003 in the light of European economic integration. It follows the tradition of the Harvard Program and builds on the work of Richard Whittington and Michael Mayers on the history of European corporations. These studies have been extended in three ways: geographically, introducing a small north European and a medium sized south European economy; methodologically by supplementing internationalization to diversification as main growth strategies; and chronologically by analysing three decades of corporate changes, 1973-2003. The result showed no convergence in diversification or ownership patterns while in both countries the largest corporations were less market oriented and more international at the end of the period.

Suggested Citation

  • Veronica Binda & Martin Jes Iversen, 2007. "Towards a 'Managerial Revolution' in European Business? The transformation of Danish and Spanish Big Business, 1973-2003," Business History, Taylor & Francis Journals, vol. 49(4), pages 506-530.
    • Handle: RePEc:taf:bushst:v:49:y:2007:i:4:p:506-530
    DOI: 10.1080/00076790701296217
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    References listed on IDEAS

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    1. Whittington, Richard & Mayer, Michael, 2000. "The European Corporation: Strategy, Structure, and Social Science," OUP Catalogue, Oxford University Press, number 9780199242085.
    2. Thomsen, Steen & Rose, Caspar, 2002. "Foundation ownership and financial performance. Do companies need owners?," Working Papers 2002-3, Copenhagen Business School, Department of Finance.
    3. Freeman, Chris & Louca, Francisco, 2002. "As Time Goes By: From the Industrial Revolutions to the Information Revolution," OUP Catalogue, Oxford University Press, number 9780199251056.
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