Showing 1 - 10 of 11
The authors consider the theory and evidence on the propensity of small and medium-sized enterprises (SMEs) to patent their innovations. Drawing on UK, European and US literature and data sources, they show that small firms are less likely to use patents as a means of protecting their investment...
Persistent link: https://www.econbiz.de/10010614654
This paper offers a qualitative, case-study based analysis of hostile takeover bids mounted in the UK in the mid-1990s under the regime of the City Code on Takeovers and Mergers. It is shown that during bids, directors of bid targets focus on the concerns of target shareholders to the exclusion...
Persistent link: https://www.econbiz.de/10005687963
This paper contrasts 'economic' and 'organizational' approaches to corporate governance, in order to draw out some of their distinctive features and discuss their relative strengths and weaknesses. Some promising areas of new research are identified which examine the role of social controls and...
Persistent link: https://www.econbiz.de/10005687980
In the New Property Rights approach the degree of incompleteness of markets is taken independently of the cost of the public ordering and of their efficiency relatively to private orderings. In this approach "public markets", similarly to a Swiss cheese, are either assumed to be non-existent...
Persistent link: https://www.econbiz.de/10005687983
Empirical evidence shows that the second half of the 20th century has been characterised by a dramatic change in the evolutionary pattern of firms' size structure: the general tendency towards a growing importance of big business which marked the first phase of post-war development came to a...
Persistent link: https://www.econbiz.de/10005687985
Core institutions of UK corporate governance, in particular those relating to takeovers, board structure and directors’ duties, are strongly orientated towards a norm of shareholder primacy. Beyond the core, in particular at the intersection of insolvency and employment law, stakeholder...
Persistent link: https://www.econbiz.de/10005687992
Recent work in both the theory of the firm and of corporate law has called into question the appropriateness of analysing corporate law as ‘merely’ a set of standard form contracts. This article develops these ideas by focusing on property law’s role in underpinning corporate enterprise....
Persistent link: https://www.econbiz.de/10005813025
Amartya Sen’s capability approach has the potential to counter neoliberal critiques of social welfare systems by …
Persistent link: https://www.econbiz.de/10005549394
then examine how far Amartya Sen's Capabilities Approach provides a framework for locating social rights within a market … setting. We argue that Sen's non-dogmatic, context-orientated approach to defining the meaning of capabilities offers a viable …This paper explores the links between the economic notion of 'capabilities' and the judicial concept of social rights …
Persistent link: https://www.econbiz.de/10005549427
. Social rights should be understood as institutionalised forms of capabilities which provide individuals with the means to …
Persistent link: https://www.econbiz.de/10005687948