Higgins, D. and Toms, S. (2001) Capital Ownership, Capital Structure and Capital Markets: Financial Constraints and the Decline of the Lancashire Cotton Textile Industry 1880-1965. Journal of Industrial History. pp. 48-64. ISSN 1463-6174Full text available as:
The objective of this analysis is to provide a reinterpretation of the decline of the Lancashire cotton textile industry during the twentieth century. Its principal concerns are with the governance structure of the industry, the resultant capital structures of firms and the constraints thereby imposed on the activities of entrepreneurs. Its central thesis is that ownership of the industry, and the redistribution of ownership claims during booms and slumps, imposed pressures and constraints on decision-makers. These financial constraints dominated the strategic questions of re-equipment and modernisation.
|Keywords:||Lancashire Cotton Textiles, excess capacity, dividends, debt, capital markets.|
|Academic Units:||The University of York > The York Management School|
|Depositing User:||Steven Toms|
|Date Deposited:||24 Jul 2006|
|Last Modified:||17 Oct 2013 14:37|