Corporate governance in a major British holding company: BSA in the interwar years

R. Lloyd-jones; M.J. Lewis; M. Matthews; J. Maltby

doi:10.1080/09585200500505698

Corporate governance in a major British holding company: BSA in the interwar years

R. Lloyd-jones, M.J. Lewis, M. Matthews, J. Maltby

The York Management School

Research output: Contribution to journal › Article › peer-review

Abstract

This paper uses a case study of BSA to examine corporate governance in a holding company during the interwar years. Recognised as generally progressive in its policy towards financial disclosure, nevertheless BSA attracted hostile criticism from its shareholders, showed little evidence of developing administrative coordination and provided limited detailed information concerning the performance of its subsidiaries. Voice did have an effect in changing the pattern of financial reporting, but even under the pressure of its banker, when financial circumstances deteriorated in the early 1930s, BSA was only prepared to change personnel while organisational structures remained in place.

Original language	English
Pages (from-to)	69-98
Number of pages	29
Journal	Accounting, Business and Financial History
Volume	16
Issue number	1
DOIs	https://doi.org/10.1080/09585200500505698
Publication status	Published - Mar 2006

Access to Document

10.1080/09585200500505698

http://dx.doi.org/10.1080/09585200500505698

Cite this

@article{4a3f9d59345c4358a7b480dc8648d02e,

title = "Corporate governance in a major British holding company: BSA in the interwar years",

abstract = "This paper uses a case study of BSA to examine corporate governance in a holding company during the interwar years. Recognised as generally progressive in its policy towards financial disclosure, nevertheless BSA attracted hostile criticism from its shareholders, showed little evidence of developing administrative coordination and provided limited detailed information concerning the performance of its subsidiaries. Voice did have an effect in changing the pattern of financial reporting, but even under the pressure of its banker, when financial circumstances deteriorated in the early 1930s, BSA was only prepared to change personnel while organisational structures remained in place.",

author = "R. Lloyd-jones and M.J. Lewis and M. Matthews and J. Maltby",

year = "2006",

month = mar,

doi = "10.1080/09585200500505698",

language = "English",

volume = "16",

pages = "69--98",

journal = "Accounting, Business and Financial History",

issn = "0958-5206",

publisher = "Routledge",

number = "1",

}

TY - JOUR

T1 - Corporate governance in a major British holding company

T2 - BSA in the interwar years

AU - Lloyd-jones, R.

AU - Lewis, M.J.

AU - Matthews, M.

AU - Maltby, J.

PY - 2006/3

Y1 - 2006/3

N2 - This paper uses a case study of BSA to examine corporate governance in a holding company during the interwar years. Recognised as generally progressive in its policy towards financial disclosure, nevertheless BSA attracted hostile criticism from its shareholders, showed little evidence of developing administrative coordination and provided limited detailed information concerning the performance of its subsidiaries. Voice did have an effect in changing the pattern of financial reporting, but even under the pressure of its banker, when financial circumstances deteriorated in the early 1930s, BSA was only prepared to change personnel while organisational structures remained in place.

AB - This paper uses a case study of BSA to examine corporate governance in a holding company during the interwar years. Recognised as generally progressive in its policy towards financial disclosure, nevertheless BSA attracted hostile criticism from its shareholders, showed little evidence of developing administrative coordination and provided limited detailed information concerning the performance of its subsidiaries. Voice did have an effect in changing the pattern of financial reporting, but even under the pressure of its banker, when financial circumstances deteriorated in the early 1930s, BSA was only prepared to change personnel while organisational structures remained in place.

U2 - 10.1080/09585200500505698

DO - 10.1080/09585200500505698

M3 - Article

SN - 0958-5206

VL - 16

SP - 69

EP - 98

JO - Accounting, Business and Financial History

JF - Accounting, Business and Financial History

IS - 1

ER -