Setting the scene -- The determinants of ownership and control : current theories -- The 'sell side' -- The 'buy side' -- Up to 1880 -- 1880-1914 -- The separation of ownership and control by 1914 -- 1914-1939 -- 1940-1990 : the sell side -- 1940-1990 : the buy side -- Epilogue : challenges to the UK system of ownership and control
Summary
Much discussion on corporate governance assumes companies are owned and controlled separately, yet this is not the norm worldwide. This book explores the foundations of separation in UK companies, asking how the company came to prominence and why and how the UK stock market came to be dominated by institutional shareholders
