... to provide significant innovation that leads to creative destruction; however, it has been found that corporate control turnovers do not lead to change in routines. This chapter examines the dynamic effects of national champions and also measures correlation between these champions and economic growth...

... literature mentions that governments’ protectionist attitudes may create national champions by reducing their cost and making them aggressive in the international market, where they can increase their market share and compete well against foreign rivals. However, the authors believe that strategic trade...

... of innovation and growth may be interpreted as suggesting that policies that try to prop up national champions are “mostly bad.” There are exceptions, however, and situations can be identified where temporary or targeted champion-promoting policies can be beneficial. Air France KLM Alitalia Aventis...

...Nations around the world differ on the role of industrial policy to nurture “national champions.” Some support and adopt neoliberal approaches that advocate economic liberalization and some encourage strong government protection for national champions. This chapter sheds light on the diverse range...

... firms or industries that face the danger of becoming losers in the face of creative destruction. There are arguments which that posit firms can escape competition through constant innovation. In this chapter, the authors, keeping public expenditure in mind, focus on the national champions at different...

...Inefficient financial markets are believed to generate credit rationing and prevent national firms from exploiting their competitive advantages abroad. This chapter discusses how some governments in the presence of inefficiency encourage national champions by protecting them against competition...

... economic patriotism, presents a scenario where there can either be a domestic merger that creates a national champion or an acquisition of one of the domestic firms by a competent foreign rival. Growth of the national champions or foreign enterprises in equal balance depends on the level of trade openness...