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- Title
COMPENSATION AND PROFITS IN BRITISH NATIONALIZED INDUSTRIES.
- Authors
BUCKINGHAM JR., WALTER S.
- Abstract
This article examines the principles of profit and compensation that were employed during the nationalization process to determine the resulting effects on the finances of the industries in Great Britain. Factors influencing compensation, an overview of postwar compensation experience and the implications for corporate finance are all discussed. The assumption of the liability for interest and principal payments on the compensation bonds was incorporated into the firms' capital structure. Previous cases of compensation for the British sugar, coal and transportation industry are also discussed.
- Subjects
UNITED Kingdom; FINANCING of government business enterprises; GOVERNMENT corporations -- Finance; GOVERNMENT ownership; ECONOMIC conditions in Great Britain -- 20th century; BRITISH economic policy; GOVERNMENT policy
- Publication
Journal of Finance (Wiley-Blackwell), 1953, Vol 8, Issue 4, p422
- ISSN
0022-1082
- Publication type
Article
- DOI
10.1111/j.1540-6261.1953.tb01188.x