Is the stock market a disciplinary institution? French giant firms and the regime of accumulation

New Political Economy

Volumn 12, Issue 3, 2007, Pages 349-368

  Johal, Sukhdev ^a   Leaver, Adam ^a  

^a UNIVERSITY OF MANCHESTER   (United Kingdom)

Author keywords

[No Author keywords available]

Indexed keywords

FINANCE; INDUSTRIAL ENTERPRISE; STOCK MARKET;

EURASIA; EUROPE; FRANCE; WESTERN EUROPE;

EID: 34548434827     PISSN: 13563467     EISSN: 14699923     Source Type: Journal    
DOI: 10.1080/13563460701485490     Document Type: Article

References (67)

1. John Thornhill & Martin Arnold, 'Sarkozy and Royal head for poll showdown', Financial Times, 23 April 2007.
2. Ibid.
3. William Lazonick & Mary O'Sullivan, 'Maximising Shareholder Value: A New Ideology for Corporate Governance', Economy and Society, Vol. 29, No. 1 (2000), pp. 13-35.
4. Julie Froud, Sukhdev Johal, Adam Leaver & Karel Williams, Financialization and Strategy: Narrative and Numbers (Routledge, 2006)
5. François Morin, 'A Transformation in the French Model of Shareholding and Management', Economy and Society, Vol. 29, No. 1 (2000), pp. 36-53.
6. Vivien A. Schmidt, 'French Capitalism Transformed, But Still a Third Variety of Capitalism', Economy and Society, Vol. 32, No. 4 (2003), pp. 526-54.
7. Froud et al., Financialization and Strategy.
8. Michel Albert, Capitalism Against Capitalism (Whurr Publishers, 1993), p. 1.
9. Ibid.
10. Robert Boyer, 'The Variety and Unequal Performance of Really Existing Markets: Farewell to Doctor Pangloss?', in J. Rogers Hollingsworth & Robert Boyer (eds), Contemporary Capitalism: The Embeddedness of Institutions (Cambridge University Press, 1997), pp. 55-93
11. Colin Crouch & Wolfgang Streek (eds), Political Economy of Modern Capitalism: Mapping Convergence and Diversity (Sage, 1997), pp. 4-5.
12. Jamie Peck & Nik Theodore, 'Comparing Capitalism: Theorizing the Persistence of Institutional Variation', paper prepared for the second DEMOLOGOS meeting, Vienna, 16-18 June 2005, p. 5.
13. Peter Hall & David Soskice, 'An Introduction to Varieties of Capitalism', in Peter Hall & David Soskice (eds), Varieties of Capitalism: The Institutional Foundation of Comparative Advantage (Oxford University Press, 2001), p. 16.
14. Bruno Amable, The Diversity of Modern Capitalism (Oxford University Press, 2003), p. 5.
15. Hall & Soskice, 'An Introduction to Varieties of Capitalism', p. 16.
16. Albert, Capitalism Against Capitalism.
17. Ibid.
18. Jeffrey Hart, Rival Capitalists (Cornell University Press, 1992).
19. Hall & Soskice, 'An Introduction to Varieties of Capitalism'
20. Ibid.
21. Vivien A. Schmidt, From State to Market? The Transformation of French Business and Government (Cambridge University Press, 1996)
22. Vivien A. Schmidt, The Futures of European Capitalism (Oxford University Press, 2002)
23. Schmidt, 'French Capitalism Transformed'
24. Pepper D. Culpepper, Capitalism, Coordination and Economic Change: The French Political Economy Since 1985, Working Paper, John F. Kennedy School of Government, January 2004.
25. Schmidt, 'French Capitalism Transformed', p. 529
26. Culpepper, Capitalism, Coordination and Economic Change, p. 5.
27. Chris Howell, Regulating Labor: The State and Industrial Reform in Post-War France (Princeton University Press, 1992).
28. Amable, The Diversity of Modern Capitalism, p. 79.
29. Boyer, 'The Variety and Unequal Performance of Really Existing Markets'
30. Linda Weiss, 'State Power and the Asian Crisis', New Political Economy, Vol. 4, No. 3 (1999), pp. 317-42
31. Schmidt, The Futures of European Capitalism
32. Schmidt, 'French Capitalism Transformed.'
33. Amable, The Diversity of Modern Capitalism.
34. Michel Goyer, 'Corporate Governance and the Innovation System in France', Industry and Innovation, Vol. 8, No. 2 (2001), pp. 135-58.
35. John Zysman, Governments, Markets and Growth: Financial Systems and the Politics of Industrial Change (Cornell University Press, 1983), p. 130.
36. Michel Goyer, 'Varieties of Institutional Investors and National Models of Capitalism: The Transformation of Corporate Governance in France and Germany', Politics and Society, Vol. 34, No. 3 (2006), p. 405.
37. Morin, 'A Transformation in the French Model, p. 41.
38. Ibid., p. 45.
39. Ibid.
40. Goyer, 'Corporate Governance', p. 148.
41. Ibid., p. 138.
42. Mairi Maclean, 'Corporate Governance in France and the UK: Long-Term Perspectives on Contemporary Institutional Arrangements', Business History, Vol. 41, No. 1 (1999), pp. 104-5.
43. Schmidt, 'French Capitalism Transformed', p. 540.
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45. Bob Hancke, Large Firms and Institutional Change (Oxford University Press, 2002)
46. Schmidt, 'French Capitalism Transformed'.
47. Ben Clift, 'Debating the Restructuring of French Capitalism and Anglo-Saxon Institutional Investors: Trojan Horses or Sleeping Partners', French Politics, Vol. 2, No. 3 (2004), pp. 333-46.
48. Froud et al., Financialization and Strategy.
49. Ibid.
50. Morin, 'A Transformation in the French Model', p. 41.
51. Froud et al., Financialization and Strategy, p. 85.
52. Mary O'Sullivan, 'Acting Out Institutional Change: Understanding the Recent Transformation of the French Financial System', Socio-economic Review, Vol. 5, No. 3 (2007), pp. 389-436.
53. Ibid., pp. 431-2.
54. United Nations Conference on Trade and Development, World Investment Report 2002: Transnational Corporations and Export Competitiveness (United Nations, 2002).
55. Ibid., p. 41.
56. Goyer, 'Corporate Governance', p. 153
57. Med Kechidi, Fusions et Acquisitions: La financiarisation des logiques de concentration, Working Paper, LEREPS, Université de Toulouse, 2003.
58. Jean-Louis Barsoux & Peter Lawrence, Management in France (Cassell Education, 1990).
59. O'Sullivan (2006), 'Acting Out Institutional Change', pp. 431-2.
60. Hancke, Large Firms and Institutional Change
61. Clift, 'Debating the Restructuring of French Capitalism'.
62. Froud et al., Financialization and Strategy.
63. Ibid., p. 78.
64. Hengyi Feng, Julie Froud, Colin Haslam, Sukhdev Johal & Karel Williams, 'A New Business Model? The Capital Market and the New Economy', Economy and Society, Vol. 30, No. 4 (2001), pp. 467-503.
65. See, for example, the sell-side analyst reports on Michelin: ABN AMRO, Michelin: The Cost of Growth, 3 August 1998
66. or Arnhold and J. Bleichroder Inc., Michelin, 22 September 1998, pp. 3-4
67. or on Sodexho Alliance: Warburg Dillon Reed, Sodexho Alliance: Buy 11 September 1998, and Deutsche Bank Research, Sodhexo Alliance: Still on Track, 50% Undervalued, 19 March 1999, pp. 3-4.