Corporate governance
Article Abstract:
There has been increasing attention to corporate governance in the United Kingdom, and the Cadbury Committee published a report on the topic in 1992. The report followed scandals and corporate failures which led to a focus on how firms are run. Stockholders are concerned about this issue since their savings are at stake, and there is a wider concern relating to the efficient usage of resources. There is also concern about levels of pay for top executives. The UK system, like that of the US, is market-based. Some analysts argue that markets may encourage a short-term approach to management decisions which could affect the performance of firms.
Publication Name: British Economy Survey
Subject: Business, international
ISSN: 0263-3523
Year: 1997
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The business cycle
Article Abstract:
The effects of the business cycle can be observed in terms of unemployment and drops in output, though there is a debate as to their causes. There has been a move away from government intervention, and a view that intervention can itself cause damage. This view argues that supply is the key factor, and downturns are linked to factors that affect supply. There are contrasting arguments that intervention can help the economy to grow more rapidly than it would otherwise, by encouraging investment, and that allowing resources to lie idle is a waste.
Publication Name: British Economy Survey
Subject: Business, international
ISSN: 0263-3523
Year: 1999
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Cross-border capital controls
Article Abstract:
Issues are presented concerning the influence of cross-border capital controls on the economic efficiency of industrialized countries. The benefits and costs of the imposition of cross-border capital controls are discussed.
Publication Name: British Economy Survey
Subject: Business, international
ISSN: 0263-3523
Year: 2001
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