European Industrial Restructuring in the 1990s

1. Front Matter

   Pages i-xvi

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2. Dynamics of European Industrial Restructuring

   1. Dynamics of European Industrial Restructuring

      • Karel Cool

      Pages 1-22

3. European Industrial Restructuring: How Far Along?

   1. Front Matter

      Pages 23-23

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   2. European Economic Restructuring: Retrospect and Prospect

      • Robert Ballance

      Pages 25-56

   3. A Comparative Analysis of Industrial Restructuring in Europe, the US, and Japan

      • Thomas A. Pugel

      Pages 57-76

   4. Economic Restructuring in Europe and the Market for Corporate Control

      • Roy C. Smith, Ingo Walter

      Pages 77-118

   5. Restructuring Industry in East Germany

      • Horst Siebert, Holger Schmieding

      Pages 119-135

4. Restructuring Mechanisms

   1. Front Matter

      Pages 137-137

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   2. Entry, Exit and Structural Adjustment in European Industry

      • Paul Geroski

      Pages 139-161

   3. Public Policy Towards Industrial Restructuring: Some Issues Raised by the Internal Market Programme

      • Damien J. Neven, John Vickers

      Pages 162-198

   4. Corporate Restructuring: Evidence from the Stock Market

      • Theo Vermaelen

      Pages 199-223

5. Managing the Restructuring Process

   1. Front Matter

      Pages 225-225

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   2. Managing Change and Corporate Performance

      • Andrew Pettigrew, Richard Whipp

      Pages 227-265

   3. Industry Restructuring, Acquisitions, and the Value Creation Process

      • Philippe C. Haspeslagh, David B. Jemison

      Pages 266-293

   4. The Role of Partnerships and Alliances in the European Industrial Restructuring

      • Yves Doz

      Pages 294-327

6. Industrial Restructuring and Technological Change

   1. Front Matter

      Pages 329-329

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   2. Appropriating the Returns from Investments in R&D Capital

      • Edwin Mansfield

      Pages 331-356

   3. Industry Restructuring Through Alliances: ‘Open Systems’ and the European Mainframe Computer Industry

      • Karel Cool, H. Landis Gabel

      Pages 357-380

   4. Comments

      • Richard E. Baldwin

      Pages 381-393

7. Back Matter

   Pages 395-406

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The restructuring of most European industries may have taken an irreversible turn. However, is this a turn in the right direction? Is European industry becoming more competitive? This book evaluates what has been accomplished to date and what the key remaining policy and managerial tasks are for the 1990s.

• Acquisition
• corporate restructuring
• dynamics
• Germany
• investment
• managing change
• public policy
• restructuring
• science and technology
• stock market

• INSEAD, France

  Karel Cool, Damien J. Neven, Ingo Walter

Policies and ethics