Large Firms in Modern Industry

Leslie Hannah and John Kay
Additional contact information
Leslie Hannah: Emmanuel College

Chapter 1 in Concentration in Modern Industry, 1977, pp 1-9 from Palgrave Macmillan

Abstract: Abstract At the beginning of this century, the hundred largest firms in British manufacturing industry controlled about 15% of its net output. The biggest of these was J. and P. Coats, which had net assets of £5.5m and employed 5000 workers. The share of output held by the top hundred companies now approaches 50%. A measure of the change which has occurred can be obtained by looking at one of the smallest of these 1975 giants. Scottish and Newcastle Breweries, for example, employs 27,500 people, sells output worth £200m annually, and holds assets to the value of £150m. The largest U.K. manufacturer, Imperial Chemical Industries, has 200,000 employees and assets in excess of, £2000m. The principal concern of this book is this increasing concentration of control over industrial capital — and hence over output, sales and employment - by large corporations.

Keywords: Small Firm; Large Firm; Modern Industry; Internal Growth; Industrial Concentration (search for similar items in EconPapers)
Date: 1977
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-02773-6_1

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349027736

DOI: 10.1007/978-1-349-02773-6_1

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().