Open Access
The state strikes back : industrial policy, state power and the emergence of competitive multinational enterprises in Italy and Spain
Loading...
Files
Bulfone_2017.pdf (1.6 MB)
Embargoed until 2021
License
Cadmus Permanent Link
Full-text via DOI
ISBN
ISSN
Issue Date
Type of Publication
Keyword(s)
Other Topic(s)
EUI Research Cluster(s)
Initial version
Published version
Succeeding version
Preceding version
Published version part
Earlier different version
Initial format
Author(s)
Citation
Florence : European University Institute, 2017
EUI; SPS; PhD Thesis
Cite
BULFONE, Fabio, The state strikes back : industrial policy, state power and the emergence of competitive multinational enterprises in Italy and Spain, Florence : European University Institute, 2017, EUI, SPS, PhD Thesis - https://hdl.handle.net/1814/48964
Abstract
This thesis compares the industrial policy strategy implemented by the Italian and Spanish governments to favour the internationalisation of domestic firms in the high value-added sectors of banking, electricity and telecommunications. The trajectory of six firms that successfully completed the transition from inward-looking monopolist to European champion (the banks Unicredit, Intesa-Sanpaolo, BBVA and Santander, the Italian electricity utility ENEL and the Spanish telecommunications firm Telefonica) is compared with that of two firms that failed to become European champions and are currently controlled by foreign competitors (the Spanish electricity utility Endesa and the Italian telecommunications incumbent Telecom Italia). The comparison of successes and failures makes clear the factors that led some Italian and Spanish firms to become European champions and others to be taken over.
Table of Contents
Additional Information
Defence date: 17 November 2017
Examining Board: Professor Pepper D. Culpepper, formerly EUI/University of Oxford (Supervisor); Professor Dorothee Bohle, European University Institute; Professor Richard Deeg, Temple University; Professor Mark Thatcher, London School of Economics
Examining Board: Professor Pepper D. Culpepper, formerly EUI/University of Oxford (Supervisor); Professor Dorothee Bohle, European University Institute; Professor Richard Deeg, Temple University; Professor Mark Thatcher, London School of Economics