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Author: | Morin, F. |
Title: | A transformation in the French model of shareholding and management |
Journal: | Economy and Society
2000 : FEB, VOL. 29:1, p. 36-53 |
Index terms: | ECONOMIC CONDITIONS FRANC CAPITALISM |
Language: | eng |
Abstract: | This article explores the French model of shareholding and management, identifying a significant transformation in the pattern of shareholding in the largest companies. In earlier configurations of ownership, the first State and then the system of cross-shareholdings were at the centre of French capitalism; the new pattern of shareholding operates under a different logic and motivation. In effect France has undergone rapid change from a 'financial network economy' to a 'financial market economy'. |
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