executive than non-executive directors in their boards and therefore the question arises as to whether “dependent” boards are …

Core institutions of UK corporate governance, in particular those relating to takeovers, board structure and directors …

The notion of 'ownership of the firm' is central to conventional treatments of corporate governance, yet there is very … the notion of ownership in various disciplinary fields, and then recount and discuss some of the meanings associated with … ownership of the firm that we have found in two empirical studies carried out in the UK and Japan. Our aim is to illuminate and …

The corporate world today subdivides into rival systems of dispersed and concentrated ownership, with different … tentatively unless there is a legal environment which is hospitable to dispersed share ownership. This paper provides evidence on … orientation and the focus is on the emergence of a separation of ownership and control, characterised by widely dispersed share …

We investigate the relation between long run takeover performance and board share ownership in the acquiring company … board ownership and takeover profitability, and between board ownership and post-takeover share returns. We cast the … for a sample of 142 UK takeovers completed between 1985-95. We find evidence of a non-linear relationship both between …

partnership relations between labour and management since the mid-1990s in companies operating under different forms of ownership … ownership. Where the corporate governance system can be seen to support partnership, it is in conjunction with market regulation …