Showing 1 - 10 of 62
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 …
Persistent link: https://www.econbiz.de/10005162856
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 …
Persistent link: https://www.econbiz.de/10005549382
A number of prominent publishers in the UK and US have become parts of globalized media groups. In Japan, by contrast, they have neither been absorbed into media groups nor become globalized businesses. Based on interviews of major players in the Japanese publishing industry as well as annual...
Persistent link: https://www.econbiz.de/10005162848
is delegated to a cohort of full?time executives, there needs to be “good” managers. In Britain, however, ownership … explain how ownership structures were reconfigured when doubts existed about managerial quality. …
Persistent link: https://www.econbiz.de/10005688021
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
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
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
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 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
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