The restructuring of most European industries may have taken an irreversible turn. However, is this a turn in the right direction? Is European industry becoming more competitive? This book evaluates what has been accomplished to date and what the key remaining policy and managerial tasks are for the 1990s.

List of Tables - Preface - Notes on the Contributors - Dynamics of European Industrial Restructuring; K.Cool - PART 1: EUROPEAN INDUSTRIAL RESTRUCTURING: HOW FAR ALONG? - European Economic Restructuring: Retrospect and Prospect; R.Ballance - A Comparative Analysis of Industrial Restructuring in Europe, the US and Japan; T.Pugel - Economic Restructuring in Europe and the Market for Corporate Control; R.C.Smith & I.Walter - Restructuring Industry in East Germany; H.Siebert & H.Schmiedling - PART 2: RESTRUCTURING MECHANISMS - Entry, Exit and Structural Adjustment in European Industry; P.Geroski - Public Policy towards Industrial Restructuring; D.J.Neven & J.Vickers - Corporate Restructuring: Evidence from the Stock Markets; T.Vermaelen - PART 3: MANAGING THE RESTRUCTURING PROCESS - Managing Change and Corporate Performance; A.Pettigrew & R.Whipp - Industry Restructuring, Acquisitions and the Value Creation Process; P.Haspeslagh & D.Jemison - The Role of Partnerships and Alliances in the European Industrial Restructuring; Y.Doz - PART 4: INDUSTRIAL RESTRUCTURING AND TECHNOLOGICAL CHANGE - Appropriating the Returns from Investments in R&D Capital; E.Mansfield - Industry Restructuring through Alliances: Open Systems in the European Mainframe Computer Industry; K.Cool & H.Landis Gabel - Index