Author Archives: Simon Deakin

Social policy will be critical to a sustainable economic and monetary union (‘EMU’)

Social policy will be critical to a sustainable economic and monetary union (‘EMU’)

by Professor Simon Deakin, Assistant Director of the Centre for Business Research European policy-makers have some vitally important decisions to make in the coming weeks. The June meeting of the European Council is due to consider the role of social policy in the wider context of economic and monetary union (‘EMU’). The background to this… Read more

“March of the makers” – rebalancing our economy needs more push from government

“March of the makers” – rebalancing our economy needs more push from government

by Michael Kitson, Assistant Director of the Centre for Business Research If the Chancellor George Osborne is to turn his vision of reinvigorating our manufacturing sector, the so called “march of the makers”, he and his government colleagues need to develop a coherent industrial policy. The public policy debates which focus on austerity, withdrawing from… Read more

“March of the makers” – why UK business need funds to grow and global talent to capture new markets

“March of the makers” – why UK business need funds to grow and global talent to capture new markets

by Michael Kitson, Assistant Director of the Centre for Business Research How can we turn George Osborne’s much used phrase “march of the makers” into reality? We need to rebalance the UK economy: rebalance our industrial sectors; rebalance our regions; and rebalance our balance of payments. But two years on from when he first promised… Read more

The proof of the pudding – why the £200 million a year Small Business Research Initiative needs transparent implementation

The proof of the pudding – why the £200 million a year Small Business Research Initiative needs transparent implementation

by David Connell, Senior Research Fellow at the Centre for Business Research If you run a small business and need that all important first customer to help you develop and trial your innovative new product, then the Chancellor George Osborne’s Budget has some good news for you. The Small Business Research Initiative which uses government… Read more

European Court’s Pringle judgment: good law, bad economics

European Court’s Pringle judgment: good law, bad economics

by Professor Simon Deakin, Assistant Director of the Centre for Business Research Courts don’t often try to decide the direction of economic policy. However, in effect, this is what the European Court has recently done. In its Pringle judgment the court made a number of important decisions on the legality of bail-out policies being pursued… Read more

Shares for workers’ rights: why entrepreneurial firms need employment law too

Shares for workers’ rights: why entrepreneurial firms need employment law too

by Professor Simon Deakin, Assistant Director of the Centre for Business Research Under the government’s current proposals for employment law reform, employees will be able to give up rights concerning unfair dismissal, redundancy pay, flexible working and time off for training in return for receiving shares in the company that employs them, gains on which… Read more

Hedge fund activism in Japan: the limits of shareholder primacy

Hedge fund activism in Japan: the limits of shareholder primacy

Professor Simon Deakin, Assistant Director of the Centre for Business Research, is interviewed about his new book, Hedge Fund Activism in Japan: The Limits of Shareholder Primacy, co-authored by John Buchanan and Dominic Heesang Chai, and published by Cambridge University Press. “Whose interests should a company serve? Is it the property of shareholders, for them… Read more

Don’t shoot the pension fund managers!

Don’t shoot the pension fund managers!

by Professor Simon Deakin, Assistant Director of the Centre for Business Research Long-term investment in infrastructure needs a better policy mix George Osborne‘s attempts to encourage British pension funds to invest more in infrastructure projects are to be applauded. Canadian and Australian pension funds have already invested heavily in infrastructure, but UK funds are still… Read more

Kay needs to replace “shareholder value” with “corporate value”

Kay needs to replace “shareholder value” with “corporate value”

By Professor Simon Deakin, director, Corporate Governance Research Programme, Centre for Business Research, University of Cambridge John Kay’s interim report finds that equity markets are failing in their primary tasks, which he identifies as enhancing the long-term growth of listed companies and providing savers with an appropriately high, risk-adjusted return on their investments. The failure… Read more

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