Culture Clash: Is a difference in mentality holding Europe back in the world of business?

US investors are less concerned about profit

clock • 3 min read

Take a glance at the world’s 10 largest companies by market capitalisation and it is notable none are from Europe.

The list is dominated by the US game-changing behemoths that have radically altered the way we live today ­- Apple, Amazon, Microsoft, Alphabet and Facebook. The question is whether a European can ever emerge as a world giant? Europe has had its successes, notably Sweden's Spotify, but they are outweighed considerably by the giants from the US. European companies are going to need to attract the right type of capital and investor if they are going to make an impact on the top 10 global companies.  The valuation gap So why is it that European businesses struggle to make an impact com...

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