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Diversification and internationalization in the European single market : the British exception
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Mayer, Michael, Hautz, Julia, Stadler, Christian and Whittington, Richard (2017) Diversification and internationalization in the European single market : the British exception. Business History Review, 91 (2). pp. 279-299. doi:10.1017/S000768051700071X ISSN 0007-6805.
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Official URL: http://dx.doi.org/10.1017/S000768051700071X
Abstract
This article examines the long-run impact of the 1992 completion of the European Single Market on the diversification and internationalization of European business. It does so at a particular moment of crisis: the exit of the United Kingdom from the European Union (“Brexit”). The article finds that completion of the European Single Market is indeed associated with significant and widespread changes in the strategies of European businesses between 1993 and 2010. European business has converged on more focused diversification strategies and followed similar patterns of internationalization. The most significant exception is the consistently low level of British business's commitment to European markets. The distinctiveness of British internationalization is, in a sense, Brexit foretold.
Item Type: | Journal Article | ||||||
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Subjects: | H Social Sciences > HC Economic History and Conditions H Social Sciences > HG Finance |
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Divisions: | Faculty of Social Sciences > Warwick Business School > Marketing & Strategic Management Faculty of Social Sciences > Warwick Business School |
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Library of Congress Subject Headings (LCSH): | Europe 1992 -- History, Business -- International unification -- European Union countries -- 21st century, Eurozone, Diversification in industry | ||||||
Journal or Publication Title: | Business History Review | ||||||
Publisher: | Cambridge University Press | ||||||
ISSN: | 0007-6805 | ||||||
Official Date: | 14 June 2017 | ||||||
Dates: |
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Volume: | 91 | ||||||
Number: | 2 | ||||||
Page Range: | pp. 279-299 | ||||||
DOI: | 10.1017/S000768051700071X | ||||||
Status: | Peer Reviewed | ||||||
Publication Status: | Published | ||||||
Access rights to Published version: | Restricted or Subscription Access | ||||||
Date of first compliant deposit: | 26 June 2017 | ||||||
Date of first compliant Open Access: | 26 June 2017 |
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