Divergence and Convergence within Anglo-American Corporate Governance Systems: Evidence From the US and UK, 1950-2000

Business History, Vol. 47, No. 2, pp. 267-295, April 2005

30 Pages Posted: 27 Nov 2010

See all articles by Steve Toms

Steve Toms

University of Leeds - Leeds University Business School (LUBS); University of Leeds - Division of Accounting and Finance

Mike Wright

Nottingham University Business School

Date Written: November 26, 2010

Abstract

The objective of this article is to compare the United States and British systems of business organisation and corporate governance during the last 50 years. Of particular interest is the contrasting relationship between governance systems and the pursuit of diversification and refocusing strategies. In order to explain these relationships, a theoretical model integrating the firm’s resource base with the main aspects of corporate governance to explain strategy, structure and managerial behaviour is developed. It is then applied to examine changes in the United States and British corporate economies in the period 1950–2000.

Keywords: Corporat,e governance, scale, scope, United States, United Kingdom

JEL Classification: N82, N84, G32, G34, G38

Suggested Citation

Toms, Steve and Wright, Mike, Divergence and Convergence within Anglo-American Corporate Governance Systems: Evidence From the US and UK, 1950-2000 (November 26, 2010). Business History, Vol. 47, No. 2, pp. 267-295, April 2005. Available at SSRN: https://ssrn.com/abstract=1715635

Steve Toms (Contact Author)

University of Leeds - Leeds University Business School (LUBS) ( email )

Leeds LS2 9JT
United Kingdom

University of Leeds - Division of Accounting and Finance ( email )

Leeds LS2 9JT
United Kingdom

Mike Wright

Nottingham University Business School ( email )

Jubilee Campus
Wollaton Road
Nottingham, NG8 1BB
United Kingdom
+44 115 951 5257 (Phone)
+44 115 951 5204 (Fax)

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