This book offers a refreshing and original theoretical conceptualization of what happened to state-owned enterprises after they were privatized from the late 1970s onwards. Some privatized firms have become today's European and global giants, 'Alphas', merging with or acquiring other firms,...

Introduction : market internationalisation, policy, and national economic institutions -- Analysing market internationalisation and national institutions -- The internationalisation of securities markets -- Common pressures, diverse paths : securities trading in France, West Germany, and Italy...