 Global strategies, differing experiences. Electricity companies in two late-industrialising countries: Spain and Argentina, 1890-1950Norma S. Lanciotti and Isabel Bartolom� Business History, 2014, vol. 56, issue 5, 724-745 Abstract: The article compares the performance and profitability rates of electric utility firms in Spain and Argentina from the early period of global electrification to the period following World War 2. It aims to analyse the relationship between the investment strategies of international electricity companies and local conditions in two late-industrialising countries, and evaluate its impact on the structure and development of both electric utility systems. The study finds similar long-term trends in profitability as a result of the global strategies of multinational holding companies; nonetheless profitability rates varied greatly from one country to another. Rates were higher in Argentina as foreign firms controlled large systems in most dynamic urban areas. In contrast, the increasing investment of local firms in electric utilities paved the way to a less profitable but more equitable electricity system in Spain. Date: 2014 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:taf:bushst:v:56:y:2014:i:5:p:724-745 Ordering information: This journal article can be ordered from DOI: 10.1080/00076791.2013.837892 Access Statistics for this article Business History is currently edited by Professor John Wilson and Professor Steven Toms More articles in Business History from Taylor & Francis Journals |
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