Corporate finance and strategy a European view

Holland, J. (1985) Corporate finance and strategy a European view. European Management Journal, 3(2), pp. 94-102. (doi:10.1016/S0263-2373(85)80018-9)

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Abstract

The disintegration of European financial markets means that many of the fundamental assumptions about corporate finance and strategy derived from US experience cannot be expected to apply in Europe.

The author argues that there are four main sources of financial policy — the view of markets as efficient, market imperfections, multinational companies as active economic agents, and political risks faced by firms. He places these in the context of European institutions and practices, and derives from them the principal implications for multinational financial decision making, culminating in a three stage decision making process.

Item Type:Articles
Status:Published
Refereed:Yes
Glasgow Author(s) Enlighten ID:Holland, Professor John
Authors: Holland, J.
College/School:College of Social Sciences > Adam Smith Business School > Accounting and Finance
Journal Name:European Management Journal
Publisher:Elsevier
ISSN:0263-2373
ISSN (Online):1873-5681

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