Ownership change, capital access, and economic growth
作者： Glenn Yago
DOI: 10.1080/08913819308443296
关键词: Managerial control 、 Mergers and acquisitions 、 Market economy 、 Restructuring 、 Capital (economics) 、 Conventional wisdom 、 Productivity 、 Economics 、 Line of business 、 Control (management)
摘要: Walter Adams and James W. Brock's Dangerous Pursuits offers conventional wisdom regarding the alleged evils of corporate restructuring financial innovations 1980s. Brock disregard how economic regulations enacted in 1930s 1940s led to passive investors managerial control that furthered conglomerate acquisitions strategies 1960s 1970s. This situation was undone 1980s with rise active entrepreneurs who attempted wrest from established managers companies so as focus corporations on single lines business, increasing efficiency performance. The employment, productivity, consumer, budgetary impacts mergers were much more positive than allow.
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