Institutional Investors and the Car Industry. Geographic focalisation and industrial strategies
The paper analyses the role of institutional investors in the car industry, using original data on their investments in the world\'s top 16 car companies. It reveals the limitations of \"globalised Finance\" in this sector and the permanence of national proximity. Institutional investors\' activities are then detailed: a typology is proposed to measure their concentration, and to characterise their dualistic nature. Consideration is given to their presence in carmakers\' ownership structures, and finally there is a discussion of their possible impact on industrial strategies.
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