This paper analyses the development of management buy-outs and similar transactions as an organisational innovation in the UK. Their development is situated in the context of the historical development of organisations which has previously emphasised shifts from family capitalism to managerial capitalism and in the context of deregulation and its implications. The paper identifies five periods of development, pre-1980, 1980-84, 1985-89, 1990-94 and 1995 onwards, and shows how the prevalent forms of buy-out have changed and adapted across these periods. The paper analyses the economic impact of buy-out type organisations in terms of financial and economic performance, impact on employment, and the longevity of buy-outs as an ownership form. Two particular continuing problem areas are identified: pricing of transactions and the role of debt.
This paper analyses the neglected issue of syndication using a sample of 1,999 venture backed UK management buy-outs and buy-ins. Using legit analysis with EM imputation of missing values, the paper identifies investee risk characteristics, venture capital characteristics and control factors which influence the syndication decision, achieving an overall 89% correct classification rate. The study also analyses the intensity of syndication networks and finds evidence of greater intensity than for the US capital market.
Appraising any investment requires reliable quantification of the costs and benefits associated with the project. This paper addresses the measurement of the value of investment in design in electronic industries. It discusses a staged approach to the measurement of costs and benefits within the design activity itself and resulting from changes in downstream activities in manufacturing and test. It considers the problems of estimating revenues resulting from strategic implications of investment in design and suggests a possible approach to evaluating those benefits difficult to quantity.
In any complex computer-based manufacturing environment the increasing relative cost of engineering design can only be justified by reference to quality and to the interactions with and downstream savings in pre-production planning, manufacture and testing. It is necessary to ensure that the design effort is being used in the most productive manner, but there can be difficulties in assessing the benefits of investment in new technology in terms acceptable to normal accounting practices, and conventional measures of productivity are often inappropriate. This paper describes a collaborative programme of research aimed at the electronics industry to quantify the interactions between design and the various sub-systems of planning and manufacturing, and to fulfill two major objectives: (1) the measurement of the productivity of the electronics engineering design process; and (2) the provision of a computerised model based on a sound conceptual framework which can be utilised by managers to estimate the rate of return on engineering design and which encompasses the contribution of engineering design to the total productivity of the enterprise.
Journal Article Personal Characteristics and Sex Differentials in Professional Employment Get access B. Chiplin, B. Chiplin University of Nottingham Search for other works by this author on: Oxford Academic Google Scholar P. J. Sloane P. J. Sloane Paisley College Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 86, Issue 344, 1 December 1976, Pages 729–745, https://doi.org/10.2307/2231449 Published: 01 December 1976
British Journal of Industrial RelationsVolume 14, Issue 1 p. 77-81 MALE-FEMALE EARNINGS DIFFERENCES: A FURTHER ANALYSIS* B. Chiplin, B. Chiplin Lecturer Department of Industrial Economics, University of Nottingham.Search for more papers by this authorP. J. Sloane, P. J. Sloane Professor Department of Economics and Management, Paisley Technical CollegeSearch for more papers by this author B. Chiplin, B. Chiplin Lecturer Department of Industrial Economics, University of Nottingham.Search for more papers by this authorP. J. Sloane, P. J. Sloane Professor Department of Economics and Management, Paisley Technical CollegeSearch for more papers by this author First published: March 1976 https://doi.org/10.1111/j.1467-8543.1976.tb00039.xCitations: 6 * We are grateful to Alun Reynolds for calculating the figures contained in Table 1 and for general research assistance and to the Social Science Research Council for a research grant which has enabled us to study this area in some detail. AboutPDF ToolsExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Share a linkShare onFacebookTwitterLinked InRedditWechat Citing Literature Volume14, Issue1March 1976Pages 77-81 RelatedInformation
Industrial Relations JournalVolume 6, Issue 3 p. 20-28 Equal employment opportunities for women B. Chiplin, B. Chiplin Lecturers in Industrial Economics, University of NottinghamSearch for more papers by this authorP. J. Sloane, P. J. Sloane Lecturers in Industrial Economics, University of NottinghamSearch for more papers by this author B. Chiplin, B. Chiplin Lecturers in Industrial Economics, University of NottinghamSearch for more papers by this authorP. J. Sloane, P. J. Sloane Lecturers in Industrial Economics, University of NottinghamSearch for more papers by this author First published: September 1975 https://doi.org/10.1111/j.1468-2338.1975.tb00815.xRead the full textAboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Share a linkShare onFacebookTwitterLinked InRedditWechat Volume6, Issue3September 1975Pages 20-28 RelatedInformation
The Manchester SchoolVolume 42, Issue 4 p. 359-365 Price Indexes of Service Exports B. Chiplin, B. Chiplin University of NottinghamSearch for more papers by this authorM. H. Atkins, M. H. Atkins University of NottinghamSearch for more papers by this author B. Chiplin, B. Chiplin University of NottinghamSearch for more papers by this authorM. H. Atkins, M. H. Atkins University of NottinghamSearch for more papers by this author First published: December 1974 https://doi.org/10.1111/j.1467-9957.1974.tb00123.xAboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Share a linkShare onFacebookTwitterLinkedInRedditWechat Volume42, Issue4December 1974Pages 359-365 RelatedInformation
Will the Equal Pay Act result in increased or decreased employment of women? How inflationary will it be and how much will individual firms suffer? Will it be easily evaded? Will it attack the fundamental problem of inequality of opportunity for women? These are some of the questions which the authors attempt to answer.