Breve storia di Alstom
The article tells the story of Alstom, a national champion born in 1989 from Alcatel and privatized in 1998. We document how the a technologically advanced and firmly established company runs into troubles due to its bulimic growth strategy which brings about excessive risks and leverage. The logic of the rescue by the state and the intervention by the European commission are briefly discussed. The main lesson we draw is that establishing "national champions" is certainly more difficult than it may appear.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
When requesting a correction, please mention this item's handle: RePEc:mul:jhpfyn:doi:10.1434/21142:y:2005:i:3:p:539-550. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ()
If references are entirely missing, you can add them using this form.