Shareholder Primacy and the Trajectory of UK Corporate Governance
AbstractCore 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 inter-section of insolvency and employment law, stakeholder interests are better represented, thanks largely to European Community influence. Moreover, institutional shareholders are redirecting their investment strategies away from a focus on short-term returns, in such a way as to favour stakeholder-inclusive practices. We therefore suggest that the UK system is currently in a state of flux and that the debate over shareholder primacy has not been concluded. Copyright Blackwell Publishing Ltd/London School of Economics 2003.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by London School of Economics in its journal British Journal of Industrial Relations.
Volume (Year): 41 (2003)
Issue (Month): 3 (09)
Contact details of provider:
Postal: Houghton Street, London WC2A 2AE
Phone: +44 (020) 7405 7686
Web page: http://www.blackwellpublishing.com/journal.asp?ref=0007-1080
More information through EDIRC
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Ding, Yuan & Richard, Jacques & Stolowy, Hervé, 2008.
"Towards an understanding of the phases of goodwill accounting in four Western capitalist countries: From stakeholder model to shareholder model,"
Accounting, Organizations and Society,
Elsevier, vol. 33(7-8), pages 718-755.
- Ding, Yuan & Stolowy, Hervé & Richard, Jacques, 2007. "Towards an understanding of the phases of goodwill accounting in four Western capitalist countries: From stakeholder model to shareholder model," Les Cahiers de Recherche 872, HEC Paris.
- Stolowy, Hervé & Richard, Jacques & Ding, Yuan, 2008. "Towards an Understanding of the Phases of Goodwill Accounting in Four Western Capitalist Countries: From Stakeholder Model to Shareholder Model," Economics Papers from University Paris Dauphine, Paris Dauphine University 123456789/1389, Paris Dauphine University.
- Yuan Ding & Jacques Richard & Hervé Stolowy, 2008. "Towards an Understanding of the Phases of Goodwill Accounting in Four Western Capitalist Countries: From Stakeholder Model to Shareholder Model," Post-Print, HAL halshs-00366038, HAL.
- Adegbite, Emmanuel & Amaeshi, Kenneth & Nakajima, Chizu, 2013. "Multiple influences on corporate governance practice in Nigeria: Agents, strategies and implications," International Business Review, Elsevier, Elsevier, vol. 22(3), pages 524-538.
- Shiang-Min Meng, 2013. "Application of Laozi’s Daodejing to Current Corporate Governance," International Journal of Asian Social Science, Asian Economic and Social Society, Asian Economic and Social Society, vol. 3(10), pages 2114-2133, October.
- Lukáš Marek, 2012. "Institutional Differences Between the British and German Economic Models: Corporate Sector and Labour Market," Acta Oeconomica Pragensia, University of Economics, Prague, vol. 2012(1), pages 25-38.
- Neil Conway & Simon Deakin & Suzzanne J. Konzelmann & Héloïse Petit & Antoine Rebérioux & Frank Wilkinson, 2008. "The Influence of Stock Market Listing on Human Resource Managment: Evidence for France and Britain," ESRC Centre for Business Research - Working Papers, ESRC Centre for Business Research wp366, ESRC Centre for Business Research.
- Lippert, Inge, 2008. "Perspektivenverschiebungen in der Corporate Governance: Neuere Ansätze und Studien der Corporate-Governance-Forschung," Discussion Papers, Research Unit: Knowledge, Production Systems and Work SP III 2008-302, Social Science Research Center Berlin (WZB).
- Catherine Barnard & Simon Deakin & Richard Hobbs, 2004. "Reflexive law, corporate social responsibility and the evolution of labour standards: the case of working time," ESRC Centre for Business Research - Working Papers, ESRC Centre for Business Research wp294, ESRC Centre for Business Research.
- Simon Deakin & Richard Hobbs, 2006. "False dawn for CSR? Shifts in regulatory policy and the response of the corporate and financial sectors in Britain," ESRC Centre for Business Research - Working Papers, ESRC Centre for Business Research wp333, ESRC Centre for Business Research.
- Simon Deakin & Aristea Koukiadaki, 2008. "Governance Processes, Employee Voice and Performance Outcomes in the Construction of Heathrow Terminal 5," ESRC Centre for Business Research - Working Papers, ESRC Centre for Business Research wp368, ESRC Centre for Business Research.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing) or (Christopher F. Baum).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.