Per H Hansen
Biographic Data
| ID | 4008071 |
|---|---|
| NAME | Per H Hansen |
| GIVEN NAMES | Per H |
| FAMILY NAME | Hansen |
| SIGNATURE | HANSEN P H |
| AFFILIATIONS | Copenhagen Business School |
| ORCID | 0000-0001-6514-4329 |
| VERIFIED | Yes |
| TOTAL WORKS | 16 |
| TOTAL CITATIONS | 127 |
| AUTHOR COUNT | 15 |
| EDITOR COUNT | 1 |
| FIRST PUBLICATION YEAR | 1991 |
| LATEST PUBLICATION YEAR | 2025 |
| H-INDEX | 5 |
Making Sense of the 1931 Financial Crisis and the Great Depression
For some sixty years, the dominant narrative of the financial crisis of 1931 and Great Depression has been one of failure of central banks to cooperate and act as lenders of last resort. This historical narrative has become dominant and led to a marginalization of understanding the Great Depression as a result of an inherent instability of capitalism. Rather than arguing that one or the other of these narratives is true, in this article I examine…
The First History of Our Financial Crisis
Adam Tooze's Crashed is arguably the first historical narrative of the financial crisis. It is an ambitious account of the crisis and its global economic, financial, political, and geopolitical causes and implications. Crashed is organized chronologically in four parts—the “Gathering Storm,” “The Global Crisis,” “Eurozone,” and “Aftershocks”—and focuses more on the macrolevel structures, processes, and decisions than on the microlevel and the peo…
Making Sense of Business and Community in Hollywood Films, 1928–2016
We analyze how Hollywood films from 1928 to 2016 represented business within a broad historical and business context. We argue that the films actively contributed to audiences’ sensemaking processes and to how different groups perceived the role of business in society. We advance the idea that films provided cultural blueprints to be used by viewers for their own understanding, identification, and practices in relation to business in its historic…
Hall of Mirrors
Barry Eichengreen's new book Hall of Mirrors is a detailed, excellent, and somewhat pessimistic comparison of the two most serious financial crises ever—their causes, development, and consequences. Readers well versed in the comprehensive literature on the Great Depression and the Great Recession in the United States and Europe will not find much information in Hall of Mirrors that is completely new, but most others will. What is new is the compa…
Narratives and memory in organizations
Organizations remember through narratives and storytelling. The articles in this Special Issue explore the interface between organization studies, memory studies, and historiography. They focus on the practices for organizational remembering. Taken together, the articles explore the similarities and differences between ethnographic and historical methods for studying memory in organizations, which represents a contribution to the historic turn in…
From Finance Capitalism to Financialization
In this article I interpret 150 years of financial history with a focus on shifts in the role of finance in society. I argue that over time the role of finance has shifted twice from that of servant to that of master of society, and that this process has been driven by sense making through narratives that legitimized and shaped these changes. When finance became a master rent seeking, cultural capture and out-of-control financial innovation resul…
Opinions
No available abstract
Making Sense of Financial Crisis and Scandal
In this paper I discuss a dramatic financial collapse and scandal in Denmark in the interwar period. I analyze the asset price bubble from 1914 to 1920 and the subsequent failure in 1922 of Scandinavia's largest bank, the Danish Landmandsbanken, as well as the downfall of its CEO Emil Glückstadt. I discuss the sense-making process, first during the bubble and then following Landmandsbanken's collapse and Glückstadt's fall from power in 1922, and …
Cooperate or Free Ride
In this article, I discuss the role of the three Scandinavian central banks in the establishment of the Bank for International Settlements (BIS) in 1930, and in the international lender of last resort operation towards Austria in 1931. I argue that small central banks were reluctant supporters in the establishment of the BIS and free riders in the Austrian crisis, even though there were marked differences in their attitude to international cooper…
Business History
This article argues that a cultural and narrative perspective can enrich the business history field, encourage new and different questions and answers, and provide new ways of thinking about methods and empirical material. It discusses what culture is and how it relates to narratives. Taking a cultural and narrative approach may affect questions, sources, and methodologies, as well as the status of our results. Finally, a narrative approach may c…
Organizational Culture and Organizational Change
In this article, I argue that organizations' historical narratives are a basic and important component of their culture and identity, and that these narratives can be resources as well as constraints. I combine a narrative approach with Joanne Martin's three perspective theory of organizational culture, and using the transformation of Danish savings banks as a case, I demonstrate how a narrative approach can provide a new and better understanding…
Networks, Narratives, and New Markets
Histories of the rising popularity of Danish modern furniture in both Denmark and the United States have traditionally ascribed its success to the inherent beauty of Danish design. This article argues that Danish modern furniture succeeded for two other reasons. First, through the creation of powerful narratives, or stories, that framed the way consumers made sense of this furniture; and, second, through the calculated development of a network of…
European Business, Dictatorship, and Political Risk, 1920-1945
Preface I. Introductory Essays 1. Business, Political Risk and Historians in the Twentieth Century, Christopher Kobrak, Per H. Hansen and Christopher Kopper 2. Multinationals and Dictatorship: Europe in the 1930s and early 1940s, Mira Wilkins II. Authoritarian Regimes as Competitive Advantage and Liability 3. Competition and Collaboration among the Axis Multinational Insurers: Munich Re, Generali, and Riunione Adriatica, 1933 - 1943, Gerald D. Fe…
Bank Regulation in Denmark from 1880 to World War Two
This article analyses the bank regulation process in Denmark until the passing of the second Bank Act of 1930. It is demonstrated that the regulatory initiatives were the results of banking crises and that the explicit rationale for regulation was an attempt to avoid future banking crises i.e. to secure financial stability. However, even though the public interest was at the centre of the argument, private interests also affected the outcome of t…
In the Friendliest Manner
Denmark had a uniquely lenient Nazi occupation. A significant reason for this was the Danish government's cooperativeness in maintaining public order and the stability of the Danish economy. Berlin facilitated this situation by sending the Wehrwirtschaftsstab Daenemark to provide Danish manufacturers with orders. With economic stability rather than exploitation as the Nazi priority, the Wehrwirtschaftsstab's activity was notably restrained. This …
From growth to crisis
Banking history has had little attention in Denmark if compared to many other countries. The purpose of this article is to present some current topics of interest in Danish banking history from about 1850 to the interwar years. Special emphasis will be laid upon the relations between banks and industry as well as the boom and bust phases of the banking system during the period
Business History
This article argues that a cultural and narrative perspective can enrich the business history field, encourage new and different questions and answers, and provide new ways of thinking about methods and empirical material. It discusses what culture is and how it relates to narratives. Taking a cultural and narrative approach may affect questions, sources, and methodologies, as well as the status of our results. Finally, a narrative approach may c…
Networks, Narratives, and New Markets
Histories of the rising popularity of Danish modern furniture in both Denmark and the United States have traditionally ascribed its success to the inherent beauty of Danish design. This article argues that Danish modern furniture succeeded for two other reasons. First, through the creation of powerful narratives, or stories, that framed the way consumers made sense of this furniture; and, second, through the calculated development of a network of…
Organizational Culture and Organizational Change
In this article, I argue that organizations' historical narratives are a basic and important component of their culture and identity, and that these narratives can be resources as well as constraints. I combine a narrative approach with Joanne Martin's three perspective theory of organizational culture, and using the transformation of Danish savings banks as a case, I demonstrate how a narrative approach can provide a new and better understanding…
Hall of Mirrors
Barry Eichengreen's new book Hall of Mirrors is a detailed, excellent, and somewhat pessimistic comparison of the two most serious financial crises ever—their causes, development, and consequences. Readers well versed in the comprehensive literature on the Great Depression and the Great Recession in the United States and Europe will not find much information in Hall of Mirrors that is completely new, but most others will. What is new is the compa…
From Finance Capitalism to Financialization
In this article I interpret 150 years of financial history with a focus on shifts in the role of finance in society. I argue that over time the role of finance has shifted twice from that of servant to that of master of society, and that this process has been driven by sense making through narratives that legitimized and shaped these changes. When finance became a master rent seeking, cultural capture and out-of-control financial innovation resul…
Bank Regulation in Denmark from 1880 to World War Two
This article analyses the bank regulation process in Denmark until the passing of the second Bank Act of 1930. It is demonstrated that the regulatory initiatives were the results of banking crises and that the explicit rationale for regulation was an attempt to avoid future banking crises i.e. to secure financial stability. However, even though the public interest was at the centre of the argument, private interests also affected the outcome of t…
Making Sense of Financial Crisis and Scandal
In this paper I discuss a dramatic financial collapse and scandal in Denmark in the interwar period. I analyze the asset price bubble from 1914 to 1920 and the subsequent failure in 1922 of Scandinavia's largest bank, the Danish Landmandsbanken, as well as the downfall of its CEO Emil Glückstadt. I discuss the sense-making process, first during the bubble and then following Landmandsbanken's collapse and Glückstadt's fall from power in 1922, and …
Making Sense of Business and Community in Hollywood Films, 1928–2016
We analyze how Hollywood films from 1928 to 2016 represented business within a broad historical and business context. We argue that the films actively contributed to audiences’ sensemaking processes and to how different groups perceived the role of business in society. We advance the idea that films provided cultural blueprints to be used by viewers for their own understanding, identification, and practices in relation to business in its historic…
Opinions
No available abstract
Cooperate or Free Ride
In this article, I discuss the role of the three Scandinavian central banks in the establishment of the Bank for International Settlements (BIS) in 1930, and in the international lender of last resort operation towards Austria in 1931. I argue that small central banks were reluctant supporters in the establishment of the BIS and free riders in the Austrian crisis, even though there were marked differences in their attitude to international cooper…
From growth to crisis
Banking history has had little attention in Denmark if compared to many other countries. The purpose of this article is to present some current topics of interest in Danish banking history from about 1850 to the interwar years. Special emphasis will be laid upon the relations between banks and industry as well as the boom and bust phases of the banking system during the period
In the Friendliest Manner
Denmark had a uniquely lenient Nazi occupation. A significant reason for this was the Danish government's cooperativeness in maintaining public order and the stability of the Danish economy. Berlin facilitated this situation by sending the Wehrwirtschaftsstab Daenemark to provide Danish manufacturers with orders. With economic stability rather than exploitation as the Nazi priority, the Wehrwirtschaftsstab's activity was notably restrained. This …
Bank Regulation in Denmark from 1880 to World War Two
This article analyses the bank regulation process in Denmark until the passing of the second Bank Act of 1930. It is demonstrated that the regulatory initiatives were the results of banking crises and that the explicit rationale for regulation was an attempt to avoid future banking crises i.e. to secure financial stability. However, even though the public interest was at the centre of the argument, private interests also affected the outcome of t…
European Business, Dictatorship, and Political Risk, 1920-1945
Preface I. Introductory Essays 1. Business, Political Risk and Historians in the Twentieth Century, Christopher Kobrak, Per H. Hansen and Christopher Kopper 2. Multinationals and Dictatorship: Europe in the 1930s and early 1940s, Mira Wilkins II. Authoritarian Regimes as Competitive Advantage and Liability 3. Competition and Collaboration among the Axis Multinational Insurers: Munich Re, Generali, and Riunione Adriatica, 1933 - 1943, Gerald D. Fe…
Networks, Narratives, and New Markets
Histories of the rising popularity of Danish modern furniture in both Denmark and the United States have traditionally ascribed its success to the inherent beauty of Danish design. This article argues that Danish modern furniture succeeded for two other reasons. First, through the creation of powerful narratives, or stories, that framed the way consumers made sense of this furniture; and, second, through the calculated development of a network of…
Organizational Culture and Organizational Change
In this article, I argue that organizations' historical narratives are a basic and important component of their culture and identity, and that these narratives can be resources as well as constraints. I combine a narrative approach with Joanne Martin's three perspective theory of organizational culture, and using the transformation of Danish savings banks as a case, I demonstrate how a narrative approach can provide a new and better understanding…
Making Sense of Financial Crisis and Scandal
In this paper I discuss a dramatic financial collapse and scandal in Denmark in the interwar period. I analyze the asset price bubble from 1914 to 1920 and the subsequent failure in 1922 of Scandinavia's largest bank, the Danish Landmandsbanken, as well as the downfall of its CEO Emil Glückstadt. I discuss the sense-making process, first during the bubble and then following Landmandsbanken's collapse and Glückstadt's fall from power in 1922, and …
Cooperate or Free Ride
In this article, I discuss the role of the three Scandinavian central banks in the establishment of the Bank for International Settlements (BIS) in 1930, and in the international lender of last resort operation towards Austria in 1931. I argue that small central banks were reluctant supporters in the establishment of the BIS and free riders in the Austrian crisis, even though there were marked differences in their attitude to international cooper…
Business History
This article argues that a cultural and narrative perspective can enrich the business history field, encourage new and different questions and answers, and provide new ways of thinking about methods and empirical material. It discusses what culture is and how it relates to narratives. Taking a cultural and narrative approach may affect questions, sources, and methodologies, as well as the status of our results. Finally, a narrative approach may c…
Narratives and memory in organizations
Organizations remember through narratives and storytelling. The articles in this Special Issue explore the interface between organization studies, memory studies, and historiography. They focus on the practices for organizational remembering. Taken together, the articles explore the similarities and differences between ethnographic and historical methods for studying memory in organizations, which represents a contribution to the historic turn in…
From Finance Capitalism to Financialization
In this article I interpret 150 years of financial history with a focus on shifts in the role of finance in society. I argue that over time the role of finance has shifted twice from that of servant to that of master of society, and that this process has been driven by sense making through narratives that legitimized and shaped these changes. When finance became a master rent seeking, cultural capture and out-of-control financial innovation resul…
Opinions
No available abstract
Hall of Mirrors
Barry Eichengreen's new book Hall of Mirrors is a detailed, excellent, and somewhat pessimistic comparison of the two most serious financial crises ever—their causes, development, and consequences. Readers well versed in the comprehensive literature on the Great Depression and the Great Recession in the United States and Europe will not find much information in Hall of Mirrors that is completely new, but most others will. What is new is the compa…
Making Sense of Business and Community in Hollywood Films, 1928–2016
We analyze how Hollywood films from 1928 to 2016 represented business within a broad historical and business context. We argue that the films actively contributed to audiences’ sensemaking processes and to how different groups perceived the role of business in society. We advance the idea that films provided cultural blueprints to be used by viewers for their own understanding, identification, and practices in relation to business in its historic…
The First History of Our Financial Crisis
Adam Tooze's Crashed is arguably the first historical narrative of the financial crisis. It is an ambitious account of the crisis and its global economic, financial, political, and geopolitical causes and implications. Crashed is organized chronologically in four parts—the “Gathering Storm,” “The Global Crisis,” “Eurozone,” and “Aftershocks”—and focuses more on the macrolevel structures, processes, and decisions than on the microlevel and the peo…
Making Sense of the 1931 Financial Crisis and the Great Depression
For some sixty years, the dominant narrative of the financial crisis of 1931 and Great Depression has been one of failure of central banks to cooperate and act as lenders of last resort. This historical narrative has become dominant and led to a marginalization of understanding the Great Depression as a result of an inherent instability of capitalism. Rather than arguing that one or the other of these narratives is true, in this article I examine…
Political science (10 works) · Economics (8 works) · Financial system (5 works) · Keynesian economics (5 works) · Law (5 works) · Narrative (5 works) · Business (4 works) · Danish (4 works) · Financial crisis (4 works) · History (4 works)