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Anglo-Saxification of Swedish Business: Working paper within the project 'Scandinavian Heritage'
Handelshögskolan i Stockholm, Centrum för Etik och Ekonomi.ORCID iD: 0000-0002-7153-3977
2003 (English)In: Business Ethics. A European Review, ISSN 0962-8770, E-ISSN 1467-8608, Vol. 12, no 2, p. 179-189Article in journal (Refereed) Published
Abstract [en]

An increasingly globalised world challenges old orders, structures and arrangements. This becomes especially apparent in the ?eld of international business, where mergers, acquisitions and foreign direct investment can trigger job cuts, divestment and the closing-down of traditional industries. For this reason mergers and acquistions are sensitive issues. When two companies from different countries merge, or when a ?rm is purchased by a foreign actor, a new dimension enters into the life of the companies. This is very likely to cause worry and unrest among employees. In such a situation con?icts and clashes may arise and old values and norms may be challenged by the new order. In this paper we examine that issue. A special focus will be given to the con?icts and clashes that can be the consequence of such an encounter between old and new. We shall exemplify this with a case concerning a Swedish company recently bought by an American competitor. The particular aspect of the problem that we are interested in is the in?uence of the new ownership on the ethical values and virtues of the Swedish company. We look speci?cally at the sense in which the changes in the ethical ?eld are expressions of a new Anglo-Saxon shareholder-oriented model, as opposed to a more traditional Scandinavian stakeholder model.

Place, publisher, year, edition, pages
Wiley-Blackwell, 2003. Vol. 12, no 2, p. 179-189
National Category
Business Administration
Research subject
Business Studies
Identifiers
URN: urn:nbn:se:oru:diva-40900DOI: 10.1111/1467-8608.00317OAI: oai:DiVA.org:oru-40900DiVA, id: diva2:779132
Available from: 2007-02-20 Created: 2015-01-12 Last updated: 2017-12-05Bibliographically approved

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Borglund, TommyFrostenson, Magnus

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CiteExportLink to record
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Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf