A substantial number of companies now operate long‐term incentive schemes as a means of motivating executive directors to improve corporate financial performance and thus align their interests more closely with those of the company’s shareholders. This paper presents an empirical study of...

In recent years there has been a substantial increase in the number of mergers and takeovers in the UK referred by the Office of Fair Trading to the Monopolies and Mergers Commission for investigation and report. This reflects an ongoing concern of the UK competition authorities with the...

An important aspect of UK competition policy is the attempt to maintain competitive markets by prohibiting restrictive agreements and cartels involving price fixing, market sharing, etc., the effect of which is to suppress, limit or distort active rivalry between suppliers. Examines UK policy...

Competition policy in the UK and European Community is concerned with the maintenance and promotion of competitive markets. However, many market sectors in the UK and EC exhibit high levels of supplier concentration and many are dominated by either a quasimonopoly supplier or a core of large...

Economic recessions have severely stretched the financial resources of many businesses. One result has been to focus attention on the management of working capital in companies that have often had to remain solvent by shrinking.