Why are Nordic companies so successful?
1 week, 2 days ago

Why are Nordic companies so successful?

Live Mint  

From the dining room on the ground floor of “Carl’s Villa" in Copenhagen, guests are treated to views of a charming garden adorned with classical statues. Today Nordic firms make up about 13% of the MSCI Europe, an index of the continent’s most-valuable companies, up from 10% five years ago. According to McKinsey, a consultancy, four-fifths of large Nordic companies have long-term ownership, compared with three-fifths in Europe and only a fifth in America. Such arrangements have prevented Nordic companies being snapped up by foreign firms, giving them more time to grow. That could be a problem; a third of the sales of the ten most-valuable Nordic companies comes from America.

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