IDEAS home Printed from https://ideas.repec.org/a/taf/acbsfi/v8y1998i2p137-164.html
   My bibliography  Save this article

'More a national asset than an investor's paradise': financial management and the British Motor Corporation, 1952-68

Author

Listed:
  • Sue Bowden
  • Josephine Maltby

Abstract

This paper undertakes a comparative analysis of financial management in the British motor industry in the 1950s and 1960s. We question whether US ownership automatically implied greater financial control and immunity from capital market pressures and discuss whether the problems BMC/BMH (British Motor Corporation/British Motor Holdings) experienced were symptomatic of the absence of financial imperatives among British management at this time. Finally we widen the agenda to place our findings on financial management into a wider literature dealing more generally with the problems of managerial control and corporate governance within the motor vehicle industry in the 1950s and 1960s.

Suggested Citation

  • Sue Bowden & Josephine Maltby, 1998. "'More a national asset than an investor's paradise': financial management and the British Motor Corporation, 1952-68," Accounting History Review, Taylor & Francis Journals, vol. 8(2), pages 137-164.
  • Handle: RePEc:taf:acbsfi:v:8:y:1998:i:2:p:137-164
    DOI: 10.1080/095852098330486
    as

    Download full text from publisher

    File URL: http://www.tandfonline.com/doi/abs/10.1080/095852098330486
    Download Restriction: Access to full text is restricted to subscribers.

    File URL: https://libkey.io/10.1080/095852098330486?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Roy Church, 1996. "Deconstructing Nuffield: the evolution of managerial culture in the British motor industry," Economic History Review, Economic History Society, vol. 49(3), pages 561-583, August.
    2. Dimsdale, Nicholas & Prevezer, Martha (ed.), 1994. "Capital Markets and Corporate Governance," OUP Catalogue, Oxford University Press, number 9780198287889.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Thorsten H. Block, 1998. "Financial Market Liberalization and the Changing Character of Corporate Governance," SCEPA working paper series. 1998-08, Schwartz Center for Economic Policy Analysis (SCEPA), The New School.
    2. Bernhard Dachs & Bernd Ebersberger & Hans Lööf, 2008. "The innovative performance of foreign-owned enterprises in small open economies," The Journal of Technology Transfer, Springer, vol. 33(4), pages 393-406, August.
    3. Marta Macias, 2002. "Ownership structure and accountability: the case of the privatization of the Spanish tobacco monopoly, 1887-96," Accounting History Review, Taylor & Francis Journals, vol. 12(2), pages 317-345.
    4. McGuire, Jean & Dow, Sandra, 2002. "The Japanese keiretsu system: an empirical analysis," Journal of Business Research, Elsevier, vol. 55(1), pages 33-40, January.
    5. Noriyuki Doi, 1996. "R&D Strategy-Makings in Japanese Large Firms: Evidence from Questionnaire Survey," Discussion Paper Series 10, School of Economics, Kwansei Gakuin University, revised Apr 1996.
    6. Koetter, Michael & Nestmann, Thorsten & Stolz, Stéphanie & Wedow, Michael, 2004. "Structures and Trends in German Banking," Kiel Working Papers 1225, Kiel Institute for the World Economy (IfW Kiel).
    7. ., 2014. "Challenges facing the Islamic financial industry," Chapters, in: Morality and Justice in Islamic Economics and Finance, chapter 7, pages 193-238, Edward Elgar Publishing.
    8. Gérard Charreaux, 1996. "Vers une théorie du gouvernement des entreprises," Working Papers CREGO 0960501, Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations.
    9. Stijn Claessens, 1998. "Banking reform in transition countries," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 2(2), pages 115-133.
    10. Groot, Tom L. C. M., 1997. "The influence of financial markets and corporate governance on R&D policy of Dutch companies," Serie Research Memoranda 0047, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
    11. P Sunley, 1999. "Space for Stakeholding? Stakeholder Capitalism and Economic Geography," Environment and Planning A, , vol. 31(12), pages 2189-2205, December.
    12. Franco Cescon, 2002. "Short-term Perceptions, Corporate Governance and the Management of R & D in Italian Companies," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 6(3), pages 255-270, September.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:acbsfi:v:8:y:1998:i:2:p:137-164. See general information about how to correct material in RePEc.

    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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RABF21 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.