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Book Cover
E-book
Author James, Harold, 1956- author.

Title Family capitalism : Wendels, Haniels, Falcks, and the continental European model / Harold James
Published Cambridge, Mass. : Belknap Press of Harvard University Press, 2006

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Description 1 online resource (xii, 434 pages) : illustrations
Contents Introduction : the familiarity of capitalism -- 1. The Wendels and the French state -- 2. The pioneer in German history -- 3. The industrial origins of the Falcks -- 4. The Gutehoffnungshutte as a joint-stock company -- 5. French companies in two countries -- 6. An Italian joint-stock company -- 7. The politician as businessman -- 8. A family concern -- 9. Models of Italian industrial development -- 10. A costly miracle in Italy -- 11. A new kind of family togetherness -- 12. Postwar reconstruction in France -- 13. Wendel becomes a conglomerate, French style -- 14. The crisis of Italian steel -- 15. German diversification and internationalization -- 16. Family capitalism and the exit from steel
Summary "This history of three powerful family firms located in different European countries takes place over a period of more than two hundred years. The interplay and the changing social and legal arrangements of the families shaped the development of a European capitalism quite different from the Anglo-American variety." "Qualifying claims by Alfred Chandler and David Landes that family firms tend to be dysfunctional, Harold James shows how and why these steel and engineering firms were successful over long periods of time. Indeed, he sees the family enterprise as particularly conducive to managing risk during periods of upheaval and uncertainty when both states and markets are disturbed. He also identifies the key roles played by women executives during such times."
"In Family Capitalism, James tells how "iron masters" of a classical industrial cast were succeeded by new generations who wanted to shift to information-age systems technologies, and how families and firms wrestled with social and economic changes that occasionally tore them apart. Finally, the author shows how the trajectories of the firms were influenced by political, military, economic, and social events and how these firms illuminate a European model of "relationship capitalism.""--Jacket
Bibliography Includes bibliographical references (pages 393-421) and index
Notes English
Print version record
SUBJECT Haniel Familie : 18. Jh.- gnd
Falck Familie gnd
Wendel (Familie) swd
Subject Family-owned business enterprises -- Europe -- History
Family-owned business enterprises -- Case studies
BUSINESS & ECONOMICS -- Infrastructure.
BUSINESS & ECONOMICS -- Corporate & Business History.
BUSINESS & ECONOMICS -- Economic History.
Family-owned business enterprises
Familienbetrieb
Familiebedrijven.
Europe
Genre/Form Case studies
History
Form Electronic book
LC no. 2005045637
ISBN 9780674039094
0674039092