Premium
Financial institutions and the ownership and control of British Industry
Author(s) -
Dobbins R.,
Lowes B.,
Pass C. L.
Publication year - 1981
Publication title -
managerial and decision economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.288
H-Index - 51
eISSN - 1099-1468
pISSN - 0143-6570
DOI - 10.1002/mde.4090020105
Subject(s) - diversification (marketing strategy) , control (management) , equity (law) , portfolio , finance , business , equity capital , capital market , economics , financial system , management , marketing , political science , law
This 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 companies.