Journals Higher Education

Corporate Ownership and Control

British Business Transformed

Brian R. Cheffins

  • Examines developments in corporate governance from the 17th century to the present day
  • Evaluates theories of the evolution of corporate ownership and control by reference to developments in Britain
  • Offers a fresh departure point for explaining patterns of corporate ownership and control by reference to the 'sell side' and 'buy side'
  • Explains how 'outsider/arm's-length' corporate governance became predominant in Britain during the middle of the 20th century despite various deterrents to investing in shares
  • Brings the story right up to date by discussing recent episodes of shareholder activism and private equity buyouts of publicly traded companies
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