Skip to main content Accessibility help

We use cookies to distinguish you from other users and to provide you with a better experience on our websites. Close this message to accept cookies or find out how to manage your cookie settings.

Close cookie message
×

Online ordering will be unavailable from 17:00 GMT on Friday, April 25 until 17:00 GMT on Sunday, April 27 due to maintenance. We apologise for the inconvenience.

  1. Home
  2. Search

Refine search

Refine search

Access:
Content type:
Publication date:
Apply   From and To filters
Subject: Show more
Journals Show more
Publishers: Show more
Societies Show more
Series: Show more
Collections: Show more

Actions for selected content:

Select all | Deselect all
  • View selected items
  • Export citations
  • Download PDF (zip)
  • Save to Kindle
  • Save to Dropbox
  • Save to Google Drive

Save Search

You can save your searches here and later view and run them again in "My saved searches".

Please provide a title, maximum of 40 characters.
Cancel
×

1 results

  • When Fligstein Meets Chandler: The Chandlerian Origins of Corporate Financialization: The Case of Peugeot’s Financial Restructuring in the 1960s

  • Quentin Belot Couloumies
  • Journal:
    Enterprise & Society / Volume 25 / Issue 2 / June 2024
    Published online by Cambridge University Press:
    02 May 2023, pp. 562-591
    Print publication:
    June 2024

  • Reconnecting Fligstein’s and Chandler’s models of long-term organizational change, this article challenges the idea that corporate financialization is alien to the Chandlerian enterprise. Based on the case of the French automotive firm Peugeot Société Anonyme (PSA), it shows that this historical transformation has been intrinsically linked to Chandlerian dynamics. The article first highlights the crucial role played by the French government and financial institutions in the establishment of large multidivisional companies in France. It then draws on PSA, public, and private archives, and an interview with a former financial executive to examine a decisive financial restructuring of the family business in 1965. In describing the challenges faced by the business in the 1960s, the article analyzes how the creation of a multilevel structure of holding companies was meant to deal with Chandlerian challenges while paving the way for the further financialization of the business.