Which political, socio-economic, cultural and institutional structures bring actors to recognize property rights and how is the performance of a company affected by those decisions? The history of the Simson Company in Thuringia, Germany, offers a promising basis for inquiring into the nexus between property right decisions, institutional frameworks and ...
(Show more)Which political, socio-economic, cultural and institutional structures bring actors to recognize property rights and how is the performance of a company affected by those decisions? The history of the Simson Company in Thuringia, Germany, offers a promising basis for inquiring into the nexus between property right decisions, institutional frameworks and structural constraints or freedoms.
Between 1856 and 1993, the Simson Company was headed by at least different owners, and it survived five different political systems. The company’s business structures were affected by the personnel and political changes, yet the decision-making processes on the local level did not necessarily mirror the new organizational patterns installed above.
This contribution will analyze how the different actors involved (businessmen, military and state officials, legal institutions, etc.) competed for or reversed property rights and how existing or newly created structures presented hurdles or opportunities for particular interests related to property rights. In doing so, the role of corporate traditions, local loyalties and regional particularities will be given due attention.
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