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The Assessment: Corporate Governance and Corporate Control

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  • 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.

Suggested Citation

  • Jenkinson, Tim & Mayer, Colin, 1992. "The Assessment: Corporate Governance and Corporate Control," Oxford Review of Economic Policy, Oxford University Press, vol. 8(3), pages 1-10, Autumn.
  • Handle: RePEc:oup:oxford:v:8:y:1992:i:3:p:1-10
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    Citations

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    Cited by:

    1. 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).
    2. 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.
    3. 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.
    4. Hadri Kusuma & Ariza Ayumardani, 2016. "The Corporate Governance Efficiency And Islamic Bank Performance : An Indonesian Evidence," Polish Journal of Management Studies, Czestochowa Technical University, Department of Management, vol. 13(1), pages 111-120, June.
    5. Jackie Krafft, 2006. "Business history and the organization of industry," Post-Print hal-00211780, HAL.
    6. repec:eee:mulfin:v:42-43:y:2017:i::p:11-23 is not listed on IDEAS
    7. Krafft, Jackie, 2004. "Frontières de la firme et de l’industrie : Les perspectives récentes issues de la rencontre entre l’histoire industrielle et l’économie industrielle," L'Actualité Economique, Société Canadienne de Science Economique, vol. 80(1), pages 109-135, Mars.
    8. 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.
    9. Noel O'Sullivan & Pauline Wong, 1998. "Internal versus External Control: An Analysis of Board Composition and Ownership in UK Takeovers," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 2(1), pages 17-35, March.
    10. Ian Jones & Michael Pollitt, 1999. "The Development of Ethical Issues Facing Boards of Directors: A Model with Implications," Working Papers wp151, Centre for Business Research, University of Cambridge.

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