The recent arrival of women on corporate boards has been extensively discussed in the literature. However, most of the studies focus on very recent times. This article analyzes the presence of women on the corporate boards of the largest firms in Switzerland across the past hundred years. It shows that until the beginning of the 1970s, the very few women sitting on the boardrooms belonged to the families owning the firms. Two main factors contributed then to the progressive opening of the corporate elites to women. First, the extending in 1971 of “universal suffrage” to women led to a feminization of the political elites, and women with a political profile entered the boardrooms of firms in the distribution and retailing sector. Second, the increasing globalization of the economy at the end of the twentieth century contributed to weaken the cohesion of the very male and Swiss corporate elite. At the beginning of the twenty-first century, however, the presence of women remained low in international comparison, and they were still hitting the “glass ceiling” regarding the top positions in the firm.

The Ente Nazionale Idrocarburi (Eni) was one of Italy’s most important state-owned enterprises, a key actor in the country’s transformation from a primarily agrarian to an essentially industrial nation after the Second World War. This article focuses on the history of Eni from its inception in 1953 to the death of its founder, Enrico Mattei, in 1962; it details how, in the context of Italy’s ‘economic miracle’, Eni played an important role both as an agent of economic growth, through the supply of an inexpensive source of energy, and as one of the tools used by the party in power, the Democrazia Cristiana (Christian Democrats), to generate and maintain consensus.

The 1960s have been seen as critical in the development of multinational enterprise by social scientists. Business historians have provided a context to these developments but are only now beginning to consider the 1960s in the light of access to archival material. This article analyses the nature and extent of the tension between multinational enterprise and U.S. and U.K. national governments in the 1960s caused by the tightening of controls on FDI introduced to resolve balance of payments problems. A comparative approach is adopted to illustrate that these tensions were not restricted to the U.S. The tension revolved around different conceptions of business investment decision-making and of the contribution of multinationals to the national economy. It is also suggested that the impact of these measures was at the micro-level and this highlights the value of business history approaches.

Crucial to the success of China’s transition to the market economy is the central government’s capacity for institutional innovation. Since 1997, Chinese politicians have sought to transform the governance of state-owned industries from decentralized administrator control to centralized corporate shareholder control. This essay examines the ideological, political, and institutional components of the central state’s strategy of “disembeddedness” that aimed to disrupt preexisting social norms and exchange relations of the planned economy. However, this authoritarian approach to organizational change has generated sociopolitical contentions and unintended economic outcomes that point to alternative conceptions of authority and exchange relations at industrial and firm levels. Focusing on the recent restructuring of the oil and petrochemical sectors into national oil corporations, I provide evidence of how certain types of informal social dynamics have shaped and constrained the implementation of asset control strategies and industrial policies favored by the state, with direct implications for the proper functioning of new market institutions.

More than ten years after the financial crisis, the challenges of European banking and of the eurozone highlight that the existence of a European common market in banking is at best partial. Examining how British and French commercial banks and banking associations responded to the plans for a European common market in banking between 1977 and 1992, this article contributes to explaining this partial character, and highlights that this project was primarily political. This challenges the widely held view that large companies tended to push for more integration. This article shows that until the mid-1980s, the banking sector was not necessarily calling for European financial integration in the form of a common market in banking for at least three reasons: they doubted the usefulness of such a move, they feared an increase in regulation, and they focused more on domestic or global matters than on European ones.

In the eighteenth century subcontracting was an important way of organising production in sectors producing as different commodities as clocks, coaches, footwear, furniture and scientific instruments. This article argues that subcontracting was not simply a form of cost reduction in labour-intensive and technologically unsophisticated sectors. Subcontracting could be seen as a way to respond to profound changes in the way commodities were produced, exchanged and consumed in an eighteenth-century metropolis like London. The expansion in size and complexity of the metropolitan market, the appearance of new commodities classified as semi-luxuries and fashion items, and the consequent re-assessment of traditional social structures and norms of production, made subcontracting a tool of organisational flexibility.

This article discusses the interaction between directors and small shareholders who made up the majority of names on the share ledgers of many companies in both the UK and the USA. It is concerned with the period 1890–1965 and concentrates on the management/shareholder relationship in the context of the annual general meeting and shareholder activism. I argue that there were significant differences between shareholder activism in the UK and the USA, due to the difference in relative numbers of the shareholders themselves, to legal and geographic differences, to corporate culture, and to the earlier diffusion of shareholding in the UK compared to the USA. UK shareholders concentrated their interventions on management issues, as well as some social and labor matters. US shareholders, mostly through so-called ‘corporate gadflies’, concentrated their efforts on corporate governance issues, some of which were already enshrined in UK company law and practice.

The history of aluminum illustrates how the concept of symbolic meanings can help connect culture with business history. Aluminum's symbolic meanings played a crucial role in its industrial history, largely through the enthusiasm that greeted the introduction and diffusion of the metal. Symbolic meanings influence technological innovation through their role in shaping expectations, a role understood by the historical actors who engage in struggles over the meanings of competing innovations. For aluminum, this struggle centered on the conflict between the material's two major meanings: aluminum as modern and aluminum as ersatz. This debate over meanings has played out differently in aviation, electric wiring, and automobiles.

Unlike most nineteenth-century makers of traditional musical instruments, who did not aim at mass markets, German harmonica manufacturers were able to develop a large and worldwide market for their product. Located in regions outside Germany's industrial core districts, they epitomized successful specialty production. From the beginning, they relied on exports, especially to North America, a trade that was initially assisted by transatlantic emigrants who helped test market potential and tap into commercial networks. Hohner, the most successful harmonica manufacturer, created a well-known brand and extensively applied strategies of market segmentation and product differentiation from the 1890s onward, in part to satisfy customers' demand for myriad product variations. Sales channels and marketing methods also were far from homogeneous, being most effective when adapted to local conditions and cultures. For harmonica makers, diversity rather than uniformity was the key to global marketing success.

Silicon Valley is frequently portrayed as a manifestation of postindustrial entrepreneurship, where ingenious inventor-businessmen and venture capitalists forged a dynamic, high-tech economy unencumbered by government's “heavy hand.” Closer examination reveals that government played a major role in launching and sustaining some of the region's core industries through military contracting. Focusing on leading firms in the microwave electronics, missile, satellite, and semiconductor industries, this article argues that demand for customized military technology encouraged contractors to embark on a course of flexible specialization, batch production, and continuous innovation. Thriving throughout much of the Cold War, major military contractors fell on hard times when defense markets started to shrink in the late 1980s, because specialized design and production capabilities were rarely applicable to civilian product lines. But Pentagon funding for research and development helped lay the technological groundwork for a new generation of startups, contributing to Silicon Valley's economic renaissance in the 1990s.

The department store is often seen as a revolutionary force: transforming retail practices, shopping experiences, and the high street. It is variously lauded for its role in the democratization of luxury, the introduction of price ticketing and unfettered browsing, and the creation of a fantasy world of goods. As is so often the case, reality is more complex than the image, especially when we move away from the bright lights of the metropolis and start exploring the high streets of provincial towns. Based on a thorough trawl of trade directories, I explore the regional distribution of stores in their 1930s heyday and examine how this distribution developed over time, pushing the discussion back to consider the varied origins of provincial department stores. I then turn to the spatial organization, selling practices, and shopping experience of small samples of stores, questioning the extent to which they formed a monolithic retail type.

The evolution of the co-operative wine sector in traditional wine-producing countries in southern Europe, such as France, Italy, Spain, and Portugal, presents similar historical features in the first half of the twentieth century. However, the analysis of their current state shows that Spanish co-operatives are smaller in size than their French and Italian counterparts. Additionally, the analysis shows that Italian (and French) co-operatives have adopted a more modern business model. The main target of this work is to establish the reasons behind the differences between the Spanish and the more successful Italian co-operative wine sectors. This is carried out through comparative analysis and the examination of the development of both sectors. For this, the framework of the co-operative business life cycle is used.

Exploring the relationship between gender differences in labor turnover—which have been linked to male-female wage differentials—and the early twentieth-century development of internal labor markets, this case study suggests that observed gender differences in labor turnover in the twentieth century can be attributed, at least in part, to the specific employment policy decisions of firms. These policies, and the internal labor markets they helped create, directly addressed some of the causes of male turnover but did little to confront the sources (often non-market) of female turnover. The results of this analysis call into question the assumption that the higher rate of female turnover is exogenously determined.

This article investigates innovation and knowledge circulation in the North Staffordshire Potteries during the eighteenth and early nineteenth centuries. It evaluates new empirical evidence of formal and informal patterns of knowledge creation and dissemination in order to highlight tensions between forms of open knowledge sharing and the private appropriation of returns to innovative activity. By presenting new patent data, it shows that formal protection was not a widespread strategy in the industry. It uses patent specifications to determine what types of knowledge were, and could be, patented in the district, and by whom. A range of sources are used to demonstrate evidence of innovation and knowledge appropriation outside of the patent system. The article identifies distinct types of knowledge in the industry and shows how differences in these led to a range of strategies employed by potters, with the role of secrecy highlighted as a particularly prevalent and effective strategy.

This article presents a case study of the establishment of the first Italian supermarket in 1957, carried out by an American industrial group called the International Basic Economy Corporation (IBEC). It raises the question of the export of a model born in the United States in a far different economic and political context. It was necessary to transform the technical and structural aspects of the supermarket as an institution to adapt to Italian society. This article also analyzes how other serious problems, deriving from the particular political and juridical situation of Italy, were confronted. In the end, the Italian supermarket was fundamentally different from the original model.

For over a century in Egypt, the Suez Canal Company reflected the role of the concession in European economic expansion overseas. Concession was a European business practice widespread in Egypt; it was an institution inherited from a system of privileges for Europeans since the Middle Ages. It promised a way for Egypt to adopt modern infrastructures and receive needed European help for digging the canal. The results of the Suez Company are indisputable: the desert of the Suez Isthmus became a lively economic region with active ports, growing cities, and an expanding labor force. And the region was linked to the rest of the country by a new road network. At the same time, however, the concession system denied Egypt full benefit of this infrastructure. The canal served the financial and strategic interests of the company, not the interests of the local economy. This outcome embodied all the contradictions of the concession system: on the one hand, concessions were a necessity for modern infrastructure development in Egypt; on the other, they were a hindrance to further national economic development.

Historians are increasingly using networks as an analytical framework. However, recent research has stressed the inherent problems with networks, including networking institutions. Historians therefore have to consider why and in what ways actors do, or did, engage with networks. This article posits a novel interdisciplinary methodology by bringing together regression analysis, visual analytics, and history to analyze actors’ relationships with an institution rather than with one another. This methodology, illustrated by the case study of the Liverpool African Committee, from 1750 to 1810, demonstrates that actors’ relationships with an institution may be affective or instrumental, reflecting different relationships with and uses of the network. Moreover, actors’ relationships with an institution are not static and change over time. The methodology and case study presented in this article suggest a reassessment of the understanding of metropolitan business networking institutions to reflect the complexity of their use.

Much of international business literature has dealt with the costs of engaging in business abroad. Recently, several authors have called into question the basic assumptions of the “liability of foreignness” argument. They plead for a more nuanced look at nationality beyond the dichotomy of foreign vis-à-vis local firms and raise doubts about the assumption that more distance necessarily translates into higher costs. This article adds to this criticism with a historical analysis of German multinational enterprises in preindependence India. The case proves (1) the relevance of specific nationalities, (2) the importance of conflicting host and home country attitudes for understanding multinationals’ strategy, and (3) the possibility of spillover effects across national borders. Expanding on existing theory, the article makes a point in showing how malleable and contextual associations with nationality are, thus making a thorough historical analysis of commercial, political, and cultural links between host and home country indispensable.

In this article I explore the powerful sense of regional solidarity that accompanied the rise of Silicon Valley. From the early years of Stanford University, the university's leaders saw its mission as service to the West and shaped the school accordingly. At the same time, the perceived exploitation of the West at the hands of eastern interests fueled booster-like attempts to build self-sufficient indigenous local industry. Thus, regionalism helped align Stanford's interests with those of the area's high-tech firms for the first fifty years of Silicon Valley's development. The distinctive regional ethos of the West during the first half of the twentieth century is an ingredient of Silicon Valley's already prepared environment, an ingredient that would-be replicators ignore at their peril.