Food industry structure in Norway and Denmark since the 1990s: Path dependency and institutional trajectories in Nordic food markets |
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| Institution: | 1. International Research Institute of Stavanger, Stavanger, Norway;2. University of Copenhagen, Department of Food and Resource Economics, Copenhagen, Denmark;1. Texas A&M University, United States;2. Department of Agricultural Economics, TAMU, United States;3. Department of Agricultural Economics, Texas A&M University, 2124 TAMU, College Station, TX 77843, United States;1. AgroParisTech, UMR-G-EAU, 648 rue Jean François Breton, F-34093 Montpellier, France;2. Laval University, Dept. of Agricultural Economics and Consumer Science, 2425 rue de l’Agriculture, G1V 0A6, Canada |
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| Abstract: | Structural changes in Norwegian and Danish food industry since the 1990s is analysed as a path dependent response to the neo-liberal turn. Norway entered the 1990s as a protected market and Denmark as case of an export oriented industry. These developmental strategies are rooted in early 20th century industrialisation and influenced by institutional transformations in the 1990s, such as EU and WTO. Mergers and acquisitions (M&A) are studied in the context of changing political environments. Explaining two different trajectories, we combine path dependency theories and a Polanyi inspired ‘varieties of capitalism’ framework with corporate strategy theories on food industry M&As. We identify two different types of path dependent development, a self-reinforcing in Denmark and a transformative ‘breaking point’ in Norway. |
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| Keywords: | Food industry structure Agri-food chain Food mergers and acquisitions (M&A) Path dependency Institutional change Nordic food markets |
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