A hybrid model of Mediterranean capitalism with British influences: the case of Cyprus

Research output: Contribution to journalArticle

Abstract

This paper describes and analyses economic organization patterns in a former British colony, Cyprus, with the aim of discussing colonial influences on its institutions and business system and presenting a hybrid type of Mediterranean capitalism that is not included in existing literature on the topic. By reviewing relevant archive material, interviewing key people in institutional positions and sixteen firms of the banking, tourism, construction and retailing sectors in Cyprus, and by comparing features of the Cyprus institutional environment with those in Greece, the impact of the British colonial rule on the legal, financial and education systems, industrial and authority relations in Cyprus is discussed and linked to ownership of firms and relations between managers and employees. The results indicate that the colonial experience has transformed the legal system in Cyprus and has influenced aspects of the development of the education and financial systems, as well as authority and industrial relations. This has contributed, firstly, to the creation of a considerably different institutional environment in Cyprus compared to countries that were never colonized, and secondly, has led to diversity in its business system including the development of organizations with fragmented ownership structures and less authoritarian relationships. Possible connections between this modified institutional environment and economic performance are also briefly discussed.

Original languageEnglish
Pages (from-to)318-343
Number of pages26
JournalManagement and Organizational History
Volume11
Issue number3
DOIs
Publication statusPublished - 2 Jul 2016

Fingerprint

Capitalism
Cyprus
Hybrid Model
Hybrid model
Institutional environment
Education System
Legal System
Ownership
Economics
Authority
Colonies
Financial System
Education system
Financial system
Legal system
Industrial Relations
Greece
Reviewing
Retailing
Interviewing

Keywords

  • British
  • business systems
  • colonialism
  • Cyprus
  • Economic organization
  • hybrid
  • institutions
  • Mediterranean capitalism

Cite this

@article{e17e23f5236140f8867dffda5a9d8159,
title = "A hybrid model of Mediterranean capitalism with British influences: the case of Cyprus",
abstract = "This paper describes and analyses economic organization patterns in a former British colony, Cyprus, with the aim of discussing colonial influences on its institutions and business system and presenting a hybrid type of Mediterranean capitalism that is not included in existing literature on the topic. By reviewing relevant archive material, interviewing key people in institutional positions and sixteen firms of the banking, tourism, construction and retailing sectors in Cyprus, and by comparing features of the Cyprus institutional environment with those in Greece, the impact of the British colonial rule on the legal, financial and education systems, industrial and authority relations in Cyprus is discussed and linked to ownership of firms and relations between managers and employees. The results indicate that the colonial experience has transformed the legal system in Cyprus and has influenced aspects of the development of the education and financial systems, as well as authority and industrial relations. This has contributed, firstly, to the creation of a considerably different institutional environment in Cyprus compared to countries that were never colonized, and secondly, has led to diversity in its business system including the development of organizations with fragmented ownership structures and less authoritarian relationships. Possible connections between this modified institutional environment and economic performance are also briefly discussed.",
keywords = "British, business systems, colonialism, Cyprus, Economic organization, hybrid, institutions, Mediterranean capitalism",
author = "Epaminondas Epaminonda",
year = "2016",
month = "7",
day = "2",
doi = "10.1080/17449359.2016.1216865",
language = "English",
volume = "11",
pages = "318--343",
journal = "Management and Organizational History",
issn = "1744-9359",
publisher = "Taylor and Francis Ltd.",
number = "3",

}

A hybrid model of Mediterranean capitalism with British influences : the case of Cyprus. / Epaminonda, Epaminondas.

In: Management and Organizational History, Vol. 11, No. 3, 02.07.2016, p. 318-343.

Research output: Contribution to journalArticle

TY - JOUR

T1 - A hybrid model of Mediterranean capitalism with British influences

T2 - the case of Cyprus

AU - Epaminonda, Epaminondas

PY - 2016/7/2

Y1 - 2016/7/2

N2 - This paper describes and analyses economic organization patterns in a former British colony, Cyprus, with the aim of discussing colonial influences on its institutions and business system and presenting a hybrid type of Mediterranean capitalism that is not included in existing literature on the topic. By reviewing relevant archive material, interviewing key people in institutional positions and sixteen firms of the banking, tourism, construction and retailing sectors in Cyprus, and by comparing features of the Cyprus institutional environment with those in Greece, the impact of the British colonial rule on the legal, financial and education systems, industrial and authority relations in Cyprus is discussed and linked to ownership of firms and relations between managers and employees. The results indicate that the colonial experience has transformed the legal system in Cyprus and has influenced aspects of the development of the education and financial systems, as well as authority and industrial relations. This has contributed, firstly, to the creation of a considerably different institutional environment in Cyprus compared to countries that were never colonized, and secondly, has led to diversity in its business system including the development of organizations with fragmented ownership structures and less authoritarian relationships. Possible connections between this modified institutional environment and economic performance are also briefly discussed.

AB - This paper describes and analyses economic organization patterns in a former British colony, Cyprus, with the aim of discussing colonial influences on its institutions and business system and presenting a hybrid type of Mediterranean capitalism that is not included in existing literature on the topic. By reviewing relevant archive material, interviewing key people in institutional positions and sixteen firms of the banking, tourism, construction and retailing sectors in Cyprus, and by comparing features of the Cyprus institutional environment with those in Greece, the impact of the British colonial rule on the legal, financial and education systems, industrial and authority relations in Cyprus is discussed and linked to ownership of firms and relations between managers and employees. The results indicate that the colonial experience has transformed the legal system in Cyprus and has influenced aspects of the development of the education and financial systems, as well as authority and industrial relations. This has contributed, firstly, to the creation of a considerably different institutional environment in Cyprus compared to countries that were never colonized, and secondly, has led to diversity in its business system including the development of organizations with fragmented ownership structures and less authoritarian relationships. Possible connections between this modified institutional environment and economic performance are also briefly discussed.

KW - British

KW - business systems

KW - colonialism

KW - Cyprus

KW - Economic organization

KW - hybrid

KW - institutions

KW - Mediterranean capitalism

UR - http://www.scopus.com/inward/record.url?scp=84981234296&partnerID=8YFLogxK

U2 - 10.1080/17449359.2016.1216865

DO - 10.1080/17449359.2016.1216865

M3 - Article

AN - SCOPUS:84981234296

VL - 11

SP - 318

EP - 343

JO - Management and Organizational History

JF - Management and Organizational History

SN - 1744-9359

IS - 3

ER -