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Corporate governance: the role of restructuring transactions

Article Abstract:

The effectiveness of corporate restructuring as a modified form of corporate governance is analyzed. This type of governance is considered appropriate to UK and US capital markets where the danger of inadequate control over management arises because of their stress on shareholder independence from firms which benefit from their investment. The restructuring process is considered a more flexible approach in dealing with such details as the product market and life cycle.

Author: Wright, Mike, Thompson, Steve
Publisher: Blackwell Publishers Ltd.
Publication Name: Economic Journal
Subject: Economics
ISSN: 0013-0133
Year: 1995

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An analysis of management buy-out failure

Article Abstract:

Financial and non-financial data are used in analyzing management buy-out (MBO) failure. Data on MBOs in the UK indicate that conditions that result in corporate failure can also be used as indicators of MBO failures. It is suggested that agency cost mechanisms, such as management incentives, and immediate restructuring reduces failure probability, while exaggerated posturing and delayed restructuring decreases the probability of MBO failure.

Author: Wright, Mike, Robbie, Ken, Wilson, Nick, Ennew, Christine
Publisher: John Wiley & Sons, Inc.
Publication Name: Managerial & Decision Economics
Subject: Economics
ISSN: 0143-6570
Year: 1996
United Kingdom, Research, Management, Usage, Corporations, Management buyouts, Corporate reorganizations, Incentives (Business), Corporations, British

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Corporate governance: some theory and implications

Article Abstract:

The need for corporate governance arises whenever agency problems exist, such as a conflict of interest or when costs become unwieldy that a contract cannot adequately cover for them. This condition calls for an approach that would effectively convince firms to amend their corporate governance methodology and ascertain that measures have been devised to monitor and control undesirable managerial attitudes.

Author: Hart, Oliver
Publisher: Blackwell Publishers Ltd.
Publication Name: Economic Journal
Subject: Economics
ISSN: 0013-0133
Year: 1995

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Subjects list: Analysis, Corporate governance
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