Escape from 'Safehaven': The case of Christiani & Nielsen's blacklisting in 1944

Steen Andersen

Business History, 2009, vol. 51, issue 5, 691-711

Abstract: The case of the Danish construction company Christiani & Nielsen in the period 1941-1945 shows that Scandinavian companies were not just pawns in a bigger political game but were to a certain degree capable of promoting their own interests. This paper reveals that the political imperative is not only a matter of political risk but also of political opportunity. The history of Christiani & Nielsen offers a useful case of the political risks and fiscal opportunities faced by multinationals working in dictatorial settings. The paper concludes that, in a choice between a forestalling strategy and an absorption strategy, the latter offers a better way of managing such risks and to minimise exposure.

Keywords: blacklisting; Safehaven; political risk; Christiani & Nielsen; construction industry (search for similar items in EconPapers)
Date: 2009
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DOI: 10.1080/00076790903125446

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