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Most listed firms have concentrated ownership structures. However this ownership type is problematic. A clinical analysis reveals that the corporate governance in these firms in terms of liability, voice and exit faces important design problems. Our analysis shows that the corporate governance...
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absorption and producers' lobbying on the path of technological change. The underlying assumption of the paper is that, in its … formulation of industrial policy, the government is open to the influence of producers' lobbying activities. Simulation results … are threefold. First, biased institutions (i.e., lobbying rules) under the distorted government (i.e., the one open to …
Persistent link: https://www.econbiz.de/10014050495
The late-Victorian era was characteristed by especially close links between politicians and firms in the UK. Roughly half of all members of Parliament served as company directors, many as directors of multiple firms. We analyze 467 British companies over the period 1895 to 1904 to investigate...
Persistent link: https://www.econbiz.de/10013127851
The late-Victorian era was characterized by especially close links between politicians and firms in the U.K., with up to half of all members of Parliament serving as company directors. We analyze the performance of 467 British companies over the period 1895 to 1904. An analysis of election...
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