Corporate Restructuring of British and German Non-Financial Firms in the Late 1990s

European Management Journal, Vol. 21, No. 4, August 2003

Posted: 31 Oct 2003

See all articles by Tom Kirchmaier

Tom Kirchmaier

London School of Economics - Centre for Economic Performance; Copenhagen Business School

Abstract

This paper examines the changes in strategy and structure of the largest 250 non-financial firms in both Britain and Germany in the late 1990s. To this end, the results of a questionnaire survey are presented which were sent to the chief executives of those companies. What came through from the survey was that many firms in both countries are driven by the desire to specialise and internationalise and are primarily achieving this via 'horizontal' mergers and acquisitions. While seeing a definite convergence in certain areas, clear and distinctive differences remain between the two countries.

Note: This is a description of the paper and not the actual abstract.

Keywords: Corporate restructuring; Convergence; Comparative economic systems; Firm performance

Suggested Citation

Kirchmaier, Tom, Corporate Restructuring of British and German Non-Financial Firms in the Late 1990s. European Management Journal, Vol. 21, No. 4, August 2003. Available at SSRN: https://ssrn.com/abstract=454280

Tom Kirchmaier (Contact Author)

London School of Economics - Centre for Economic Performance ( email )

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HOME PAGE: http://https://sites.google.com/site/tomkirchmaier/home

Copenhagen Business School ( email )

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