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'More a national asset than an investor's paradise': financial management and the British Motor Corporation, 1952-68

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  • Sue Bowden
  • Josephine Maltby

Abstract

This paper undertakes a comparative analysis of financial management in the British motor industry in the 1950s and 1960s. We question whether US ownership automatically implied greater financial control and immunity from capital market pressures and discuss whether the problems BMC/BMH (British Motor Corporation/British Motor Holdings) experienced were symptomatic of the absence of financial imperatives among British management at this time. Finally we widen the agenda to place our findings on financial management into a wider literature dealing more generally with the problems of managerial control and corporate governance within the motor vehicle industry in the 1950s and 1960s.

Suggested Citation

  • Sue Bowden & Josephine Maltby, 1998. "'More a national asset than an investor's paradise': financial management and the British Motor Corporation, 1952-68," Accounting History Review, Taylor & Francis Journals, vol. 8(2), pages 137-164.
    • Handle: RePEc:taf:acbsfi:v:8:y:1998:i:2:p:137-164
    DOI: 10.1080/095852098330486
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    References listed on IDEAS

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    1. Dimsdale, Nicholas & Prevezer, Martha (ed.), 1994. "Capital Markets and Corporate Governance," OUP Catalogue, Oxford University Press, number 9780198287889.
    2. Roy Church, 1996. "Deconstructing Nuffield: the evolution of managerial culture in the British motor industry," Economic History Review, Economic History Society, vol. 49(3), pages 561-583, August.
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