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Flexible or not? The Comply-or-Explain Principle in UK and German Corporate Governance

Sanderson, P.; Seidl, D.; Roberts, J.; Krieger, B. - ESRC Centre for Business Research - 2010

place in many countries to regulate corporate behaviour (e.g. the UK Combined Code). These codes vary slightly in form but … public companies comply with the rules, and the attitudes of company directors and legal counsel to using comply … formation and revision of the code, and thus feel a sense of ownership; the existence of interested and relevant monitors; and …

Persistent link: https://www.econbiz.de/10010858394

Anglo-Saxon Capitalism in Crisis? Models of Liberal Capitalism and the Preconditions for Financial Stability

Konzelmann, S.; Fovargue-Davies, M. - ESRC Centre for Business Research - 2011

The return to economic liberalism in the Anglo-Saxon world was motivated by the apparent failure of Keynesian economic management to control the stagflation of the 1970s and early 1980s. In this context, the theories of economic liberalism, championed by Friederich von Hayek, Milton Friedman and...

Persistent link: https://www.econbiz.de/10010548037

The Impact of Mergers and Acquisitions on Executive Pay in the United Kingdom

Guest, Paul - ESRC Centre for Business Research - 2007

We examine the impact of acquisitions on executive pay in UK acquirers over 1984-2001. For the overall sample, which includes foreign, domestic, public and private targets, there is a significant transitory pay increase. Pay changes are not affected by target nationality or organizational form,...

Persistent link: https://www.econbiz.de/10005813000

Insolvency, Employment Protection and Corporate Restructuring: The effects of TUPE

Armour, J.; Deakin, S. - ESRC Centre for Business Research - 2001

The statutory protection currently provided by UK law to employees during transfers of undertakings and other restructurings has been criticised on the grounds that it undermines insolvency procedures and interferes with the 'rescue' process. We present an analysis which suggests that granting...

Persistent link: https://www.econbiz.de/10005813006

The Reflexive Properties of Corporate Governance Codes: The Reception of the 'Comply or Explain' Approach in Slovenia

Cankar, Nina; Deakin, Simon; Simoneti, Marko - ESRC Centre for Business Research - 2008

The Slovenian Corporate Governance Code for Public Joint-Stock Companies was adopted in March 2004. Using a systems-theoretical approach, we examine the extent to which the implementation of the Code has resulted in the kinds of 'reflexive' learning processes which the 'comply or explain'...

Persistent link: https://www.econbiz.de/10005813008

Does Social Democracy Matter? Corporate Governance Reforms in Switzerland and Sweden (1980-2005)

Schnyder, Gerhard - ESRC Centre for Business Research - 2008

This paper tests the accuracy of Roe's (2003) claim that 'social democracies' tend to have insider-orientated corporate governance systems, for two extreme cases concerning Roe's independent variable: Switzerland and Sweden. Starting from a position in which both were clearly insider-orientated...

Persistent link: https://www.econbiz.de/10005813009

Corporate Governance, The Limits of Rationality and Proceduralisation

J, Paterson - ESRC Centre for Business Research - 2001

A striking feature of theorising about corporate governance, whether from the perspective of economics or in terms of a stakeholder model of the company, is that even quite basic questions posed at the outset remain to be answered. Thus, in the case of economic theorising about the firm, it has...

Persistent link: https://www.econbiz.de/10005813012

Corporate governance, stake-holding and the nature of employment relations within the firm

Konzelmann, Suzanne; Conway, Neil; Trenberth, Linda; … - ESRC Centre for Business Research - 2005

This paper investigates the effect of different forms of corporate governance on the structure and nature of stakeholder relationships within organizations and the consequent impact on employment relations within the firm. In this, HRM assumes a dual role in delivering improvements in production...

Persistent link: https://www.econbiz.de/10005813015

Regulating organizations through codes of corporate governance

Seidl, David - ESRC Centre for Business Research - 2006

Although codes of corporate governance have come to be widely used as a mode of regulating corporations, our understanding of how they function is still rather limited. In this paper we describe the design of such code regimes and propose a theoretical framework for studying their effects. On...

Persistent link: https://www.econbiz.de/10005813026

Stock Markets in Low and Middle Income Countries

Singh, Ajit - ESRC Centre for Business Research - 2008

This paper explores the question of whether the institution of the stock market is likely to be helpful to low and middle income countries in promoting development of their real economy and ensuring fast industrial growth. The case for and against the stock market inevitably involves a...

Persistent link: https://www.econbiz.de/10005813035