This working paper has been replaced by Working Paper No. 276 (Dec 2003)

This paper examines the long-run pre- and post-takeover performance of hostile takeovers in the U.K. from 1985-96. Prior to takeover, targets in hostile takeovers experience a significant deterioration in profit returns, and significantly negative share returns. However, there is little evidence...

In this paper I critically examine a selected set of retailer - supplier relationships in order to discern some ways in which the competitive spaces of the British food industry are actively transformed. It is argued that within existing research on retailer - supplier relationships the...

Recognising the use of food retailers' own-labels as a particular form of competitive strategy, I seek to show how such a strategy is embedded within the very different retailing environments of the United Kingdom and USA. It is argued that power relations in the production - consumption chain,...

This paper provides a contemporary comparison of the anatomy of corporate contol in giant U.S. and U.K. corporations. The comparison draws upon an analysis of share ownership, executive remuneration, board membership, and the patterns of interlocking directorships. The results are of...

This paper investigates the importance of managerial capital to involuntary insolvency and acquisition in UK small and medium-sized companies. Given that small businesses are informationally opaque and lack detailed financial data, the role of non-financial factors such as managerial capital has...

The current financial crisis has given rise to calls to toughen considerably the codes of corporate governance put in place in many countries to regulate corporate behaviour (e.g. the UK Combined Code). These codes vary slightly in form but tend to contain a mix of non-discretionary regulations...