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| Tekijä: | Cheffins, B. R. |
| Otsikko: | Are good managers required for a separation of ownership and control? |
| Lehti: | Industrial and Corporate Change
2004 : AUG, VOL. 13:4, p. 591-618 |
| Asiasana: | Managers Corporate governance Share ownership Control |
| Kieli: | eng |
| Tiivistelmä: | In the decades immediately following World War II, a 'wall of money', a 'cult of the equity' and a 'trapped capital' effect caused by exchange controls fostered institutional demand for shares that outweighted whatever doubts might have existed about the quality of management.Correspondingly, there was a suitable platform for diffuse share ownership to become the norm in the UK's largest companies. |
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