| Description |
1 online resource |
| Series |
Routledg library edition. Public enterprise and privatization ; volume 5 |
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Routledg library edition. Public enterprise and privatization ; v. 5
|
| Contents |
Cover; Half Title; Title Page; Copyright Page; Original Title Page; Original Copyright Page; Dedication Page; Contents; Foreword; 1 Introduction: The rise and fall of the NEB; Selective assistance in the UK; The birth of the NEB; The duties and structure of the NEB; The burgeoning of the NEB; The NEB bubble bursts; 2 The NEB's profit-and-loss record; The data; The data further analysed; The NEB versus other UK venture capitalists; 3 Obstacles faced by NEB not confronting private venture capitalists; The NEB sells at bargain prices; The NEB and the Press; The NEB and the Tory right |
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Parliament sees the Board's slip showing4 The Board wraps itself in a cloud of mystery: additional Parliamentary tribulations of a public venture capitalist; 5 The NEB and the Department of Industry; 6 Firms aided by the NEB as venture capitalist: case studies; 7 Highlights of the case studies; 8 Inmos; 9 The Insac debacle; 10 The Nexos disaster; Nexos' birth and wares; Nexos' financial woes; The termination of Nexos; Why Nexos failed: the 1985 DOI analysis; Why Nexos failed: other contributing factors; 11 Alfred Herbert; 12 Fairey and Ferranti; 13 Rolls Royce; 14 British Leyland |
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15 The NEB and the Ministry of Defence16 Is an NEB now needed in the United Kingdom?; 17 Does the US need an NEB?; 18 Government subsidies to specific firms: an evaluation of the conservative critique; 19 Government subsidies to specific firms: an evaluation of the radical critique; 20 The NEB: an example of co-operation; Bibliography; Index |
| Summary |
To what extent can governments supplement private venture capitalists and stimulate the economy by providing money to new entrepreneurs as well as existing enterprises? The UK's National Enterprise Board (NEB) attempted to do just this, and whilst it gained most publicity through its efforts to bail out ailing giants such as British Leyland and Rolls Royce Aerospace, much of its attention was actually directed to smaller ventures. Originally published in 1988 Professor Kramer reports that the NEB's record of success was surprisingly good, and that many flourishing undertakings would not be in business today had it not been for the NEB's efforts. The author goes further, and after discussing the political and economic issues involved in according public aid to private enterprises on a case by case basis, he argues that not only should the UK revive its NEB, but that other countries, notably the United States, could benefit by establishing their own versions of it. Indeed, throughout, the author's perspective as an outsider makes him peculiarly alive to the relevance of the UK example to a whole range of international cases. As the first scholarly, full-length study of the NEB, this book will be of value to those interested in the relationships between venture capitalists generally and the enterprises in which they take equity. It will also interest those studying the relationship between holding companies and their subsidiaries |
| Bibliography |
Includes bibliographical references and index |
| Notes |
Online resource; title from PDF title page (EBSCO, Febrary 4, 2019) |
| Subject |
Great Britain. National Enterprise Board.
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| SUBJECT |
Great Britain. National Enterprise Board fast |
| Subject |
Free enterprise -- Great Britain
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Industrial policy -- Great Britain.
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BUSINESS & ECONOMICS -- Industries -- General.
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Economic policy
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Free enterprise
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Industrial policy
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| SUBJECT |
Great Britain -- Economic policy -- 1945-
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| Subject |
Great Britain
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| Form |
Electronic book
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| ISBN |
9780429056345 |
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0429056346 |
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