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The Assessment: Corporate Governance and Corporate Control

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Author Info

  • Jenkinson, Tim
  • Mayer, Colin

Abstract

Patterns of corporate control vary markedly across countries. This paper examines the reasons for these differences and their consequences for corporate performance. It finds that they primarily result from differences in the ownership of firms and their legal forms. These affect the relative abilities of financial systems to sustain implicit contracts with stakeholders and to respond flexibly to differing views about corporate policy. Copyright 1992 by Oxford University Press.

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Bibliographic Info

Article provided by Oxford University Press in its journal Oxford Review of Economic Policy.

Volume (Year): 8 (1992)
Issue (Month): 3 (Autumn)
Pages: 1-10

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Handle: RePEc:oup:oxford:v:8:y:1992:i:3:p:1-10

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Web page: http://oxrep.oupjournals.org/

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Cited by:
  1. Ian Jones & Michael Pollitt, 1999. "The Development of Ethical Issues Facing Boards of Directors: A Model with Implications," ESRC Centre for Business Research - Working Papers wp151, ESRC Centre for Business Research.
  2. Ludovic Cailluet, 2001. "The British aluminium industry, 1945-80s: chronicles of a death foretold?," Accounting History Review, Taylor & Francis Journals, vol. 11(1), pages 79-97.
  3. Noel O'Sullivan & Pauline Wong, 1998. "Internal versus External Control: An Analysis of Board Composition and Ownership in UK Takeovers," Journal of Management and Governance, Springer, vol. 2(1), pages 17-35, March.
  4. Branston, J. Robert & Cowling, Keith & Sugden, Roger, 2002. "Corporate Governance And The Public Interest," The Warwick Economics Research Paper Series (TWERPS) 626, University of Warwick, Department of Economics.
  5. Tylecote, Andrew & Ramirez, Paulina, 2006. "Corporate governance and innovation: The UK compared with the US and 'insider' economies," Research Policy, Elsevier, vol. 35(1), pages 160-180, February.
  6. Vitols, Sigurt, 1995. "Financial systems and industrial policy in Germany and Great Britain: the limits of convergence," Discussion Papers, Research Unit: Economic Change and Employment FS I 95-311, Social Science Research Center Berlin (WZB).
  7. Jackie Krafft, 2006. "Business history and the organization of industry," Post-Print hal-00211780, HAL.

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