The unprecedented importance of finance in our societies, as well as its central role in
provoking economic crises, has generated an enormous interest in understanding the …

To what extent has the British economy declined compared to its competitors and what are
the underlying reasons for this decline? Nicholas Crafts, one of the world's foremost …

Using ownership and control data for 890 firm‐years, this article examines the concentration
of capital and voting rights in B ritish companies in the second half of the nineteenth century …

By 1900 England had the largest stock market in the world and was the leading industrial
nation. Remarkably, freedom to incorporate as a limited liability company had been …

Purpose The past few decades have seen a gradual convergence in corporate governance
norms the world over, entailing a discernible shift towards shareholder primacy models. It …

The evolutionary taxonomy of financial systems, outlined by Dosi (1990), argued that market-
based systems are comparatively more engaged in exploring new technological paradigms …

Income and living standards measures have long been used in market research and
marketing in Africa. This study examined a set of lifestyle indicators (both belongings and …

Abstract As articulated by Adam Smith, one of the central issues facing companies is that
managers will not run the business in the interests of its owners and will misuse resources …

Purpose This paper aims to address the evolution of corporate governance in Germany with
a particular regard to whether there can be observed a gradual convergence to a …

Purpose For the past two and half decades, there has been a marked shift in the corporate
governance regulations around the world. The change is more remarkable in developing …