Download Change in SMEs: Towards a New European Capitalism? by K. Bluhm, R. Schmidt PDF

By K. Bluhm, R. Schmidt

Such a lot examine on institutional good points of targeted types of capitalism in Europe has analyzed in basic terms huge companies. This quantity explores the effect of the institutional and structural adjustments on company governance, administration tradition, and social relationships in small and medium sized firms in several ecu international locations.

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The ability or the extent of the ability to control other players’ room for manoeuvre depends on what these other players themselves are aiming to achieve. Regarding the relationship between financial investors and the real economy, the power of the financial markets extends as far as there are real economic strategies that may be realized under its influence. That is not true of individual cases, but certainly is a necessary principle of the reality in general and in the long run. Otherwise, the erosion of the economic substance of the companies concerned would be likely in the long term – a consequence that authors such as François Chesnais (1997), Mary O’Sullivan (2000) and Frédéric Lordon (2000) certainly see as a possibility.

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J. Sukhdev, C. Haslam, and K. Williams (2001) ‘Accumulation under Conditions of Inequality’, Review of International Political Economy, 8, 66–95. , J. Sukhdev, A. Leaver and K. Williams (2006) Financialisation and Strategy: Narrative and Numbers (London, New York: Routledge). Giraud, P. N. (2001) Le commerce des promesses. Petit traité sur la finance moderne (Paris: Seuil). -E. -J. Wolter (2007) Die volkswirtschaftliche Bedeutung der Familienunternehmen, IfM-Materials, no. 172, Bonn. Henwood, D.

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