Matches in SemOpenAlex for { <https://semopenalex.org/work/W1565004788> ?p ?o ?g. }
Showing items 1 to 82 of
82
with 100 items per page.
- W1565004788 endingPage "580" @default.
- W1565004788 startingPage "517" @default.
- W1565004788 abstract "Not despite but because of persistent Social Democratic political influence since the Great Reversal in 1932 have a few families and banks controlled the largest listed firms in Sweden. The Social Democrats have de facto been the guarantor rather than the terminator of private capitalism since the political and corporate incumbencies have been united by strong common interests. Incumbent owners need the political support to legitimize that their corporate power rests on extensive use of dual-class shares and pyramiding. While the Social Democrats only get the necessary resources and indirect support for their social and economic policies from the private sector if the largest firms remain under Swedish control so that capital does not migrate. The extensive use of mechanisms to separate votes from capital however drives a significant wedge between the costs of internal and external capital that causes an enhanced (political) pecking order of financing where new external equity is strongly avoided. Since financing via retained earnings and borrowing also have been tax-subsidized, firms have only to a limited extent been dependent on the primary equity markets and ownership did not become dispersed. The heavy entrenchment of both the political and corporate powers worked well until the 70s when domestic and international capital markets were dormant. But then signs of stagnation became apparent as the economy did not respond with resiliency to economic shocks and stiffer international competition. The policies had been too focused on the very largest firms but systematically ignored the need to create new entrepreneurial firms. By not encouraging outsiders to create new firms and fortunes, and by not fully activating the primary equity markets, the heavy politicized system has redistributed incomes but not property rights and wealth. The result is an ageing economy with an unusually large proportion of very old and very large firms with well-defined owners in control. 31 of the 50 largest listed firms in 2000 were founded before 1914, only 8 in the post-war period and none after 1970." @default.
- W1565004788 created "2016-06-24" @default.
- W1565004788 creator A5078966015 @default.
- W1565004788 date "2004-07-26" @default.
- W1565004788 modified "2023-09-26" @default.
- W1565004788 title "The History and Politics of Corporate Ownership in Sweden" @default.
- W1565004788 cites W1533318088 @default.
- W1565004788 cites W2020463787 @default.
- W1565004788 cites W2063609809 @default.
- W1565004788 cites W2073271359 @default.
- W1565004788 cites W2130727422 @default.
- W1565004788 cites W2141299358 @default.
- W1565004788 cites W2147972531 @default.
- W1565004788 cites W2161670104 @default.
- W1565004788 cites W2498139576 @default.
- W1565004788 cites W3121956280 @default.
- W1565004788 cites W3124698950 @default.
- W1565004788 cites W594386959 @default.
- W1565004788 doi "https://doi.org/10.7208/9780226536835-011" @default.
- W1565004788 hasPublicationYear "2004" @default.
- W1565004788 type Work @default.
- W1565004788 sameAs 1565004788 @default.
- W1565004788 citedByCount "13" @default.
- W1565004788 countsByYear W15650047882012 @default.
- W1565004788 countsByYear W15650047882013 @default.
- W1565004788 countsByYear W15650047882014 @default.
- W1565004788 countsByYear W15650047882015 @default.
- W1565004788 countsByYear W15650047882016 @default.
- W1565004788 countsByYear W15650047882018 @default.
- W1565004788 crossrefType "posted-content" @default.
- W1565004788 hasAuthorship W1565004788A5078966015 @default.
- W1565004788 hasConcept C10138342 @default.
- W1565004788 hasConcept C143910263 @default.
- W1565004788 hasConcept C144133560 @default.
- W1565004788 hasConcept C162324750 @default.
- W1565004788 hasConcept C17744445 @default.
- W1565004788 hasConcept C199539241 @default.
- W1565004788 hasConcept C2778833592 @default.
- W1565004788 hasConcept C2781426361 @default.
- W1565004788 hasConcept C34447519 @default.
- W1565004788 hasConcept C39389867 @default.
- W1565004788 hasConcept C94625758 @default.
- W1565004788 hasConceptScore W1565004788C10138342 @default.
- W1565004788 hasConceptScore W1565004788C143910263 @default.
- W1565004788 hasConceptScore W1565004788C144133560 @default.
- W1565004788 hasConceptScore W1565004788C162324750 @default.
- W1565004788 hasConceptScore W1565004788C17744445 @default.
- W1565004788 hasConceptScore W1565004788C199539241 @default.
- W1565004788 hasConceptScore W1565004788C2778833592 @default.
- W1565004788 hasConceptScore W1565004788C2781426361 @default.
- W1565004788 hasConceptScore W1565004788C34447519 @default.
- W1565004788 hasConceptScore W1565004788C39389867 @default.
- W1565004788 hasConceptScore W1565004788C94625758 @default.
- W1565004788 hasLocation W15650047881 @default.
- W1565004788 hasOpenAccess W1565004788 @default.
- W1565004788 hasPrimaryLocation W15650047881 @default.
- W1565004788 hasRelatedWork W1583921062 @default.
- W1565004788 hasRelatedWork W1968200416 @default.
- W1565004788 hasRelatedWork W1975819524 @default.
- W1565004788 hasRelatedWork W2067046617 @default.
- W1565004788 hasRelatedWork W2079944177 @default.
- W1565004788 hasRelatedWork W2096718584 @default.
- W1565004788 hasRelatedWork W2110434128 @default.
- W1565004788 hasRelatedWork W2119182646 @default.
- W1565004788 hasRelatedWork W2162448899 @default.
- W1565004788 hasRelatedWork W220417842 @default.
- W1565004788 hasRelatedWork W2790630030 @default.
- W1565004788 hasRelatedWork W3121340765 @default.
- W1565004788 hasRelatedWork W3122603830 @default.
- W1565004788 hasRelatedWork W3122778615 @default.
- W1565004788 hasRelatedWork W3123091495 @default.
- W1565004788 hasRelatedWork W3125916525 @default.
- W1565004788 hasRelatedWork W3125935778 @default.
- W1565004788 hasRelatedWork W3142496586 @default.
- W1565004788 hasRelatedWork W3212475945 @default.
- W1565004788 hasRelatedWork W2415093895 @default.
- W1565004788 isParatext "false" @default.
- W1565004788 isRetracted "false" @default.
- W1565004788 magId "1565004788" @default.
- W1565004788 workType "article" @default.