Financial institutions and the ownership and control of British Industry
作者:
R. Dobbins,
B. Lowes,
C. L. Pass,
期刊:
Managerial and Decision Economics
(WILEY Available online 1981)
卷期:
Volume 2,
issue 1
页码: 16-24
ISSN:0143-6570
年代: 1981
DOI:10.1002/mde.4090020105
出版商: John Wiley&Sons, Ltd.
数据来源: WILEY
摘要:
AbstractThis paper shows the growth in the ownership of British equity capital by financial institutions and examines the “control” implications of this development. Various aspects of the ownership versus control debate are highlighted, and data on the control potential of financial institutions are presented. The findings suggest that fund managers had pursued policies of extreme portfolio diversification, using their growing funds to acquire more and more small shareholdings in a greater number of companies rather than concentrating their holdings in a few compan
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