Mergers and the Evolution of Patterns of Corporate Ownership and Control: The British Experience
本文探讨了并购活动如何影响英国20世纪企业所有权和控制模式的演变，并指出反竞争行为的监管方式会影响变革性并购的程度。
An intense academic debate has arisen recently concerning the crucial 'bedrock' that underpins a corporate governance regime where widely held public companies dominate. In the discourse, little has been said about the contribution of merger activity. This article seeks to address this gap by considering developments in the United Kingdom during the twentieth century. The British experience suggests that mergers matter with respect to the evolution of systems of ownership and control and that the manner in which anti-competitive behaviour is regulated influences the extent to which 'transformative' merger activity takes place.