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Technological change and the governance of joint-stock enterprise in the early nineteenth century:the case of Scottish coastal shipping

Freeman, Mark and Pearson, Robin and Taylor, James (2007) Technological change and the governance of joint-stock enterprise in the early nineteenth century:the case of Scottish coastal shipping. Business History, 49 (5). pp. 573-594. ISSN 0007-6791

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Abstract

Recent studies of the innovation process have viewed it as the outcome of organizational dynamics rather than as the product of technological developments exogenous to the governance of firms. We apply this approach to our examination of British coastal shipping companies during the early nineteenth century as they grappled with the problem of making a successful transition from sail to steam technology. Within the industry there were contrasting responses to this transition, but also common elements in the decision-making process. Before the 1840s, there remained a widespread assumption of shareholder involvement in this sector as in others. The evidence suggests that shipping company directors were generally able to determine resource-allocation decisions, but not without first taking into account governance relations.

Item Type: Article
Journal or Publication Title: Business History
Uncontrolled Keywords: Corporate Governance ; Shipping ; Nineteenth Century ; Technology ; Shareholders ; Steamships ; Joint-Stock Companies
Subjects: D History General and Old World > DA Great Britain
Departments: Faculty of Arts & Social Sciences > History
ID Code: 4377
Deposited By: Dr James Taylor
Deposited On: 10 Mar 2008 13:17
Refereed?: Yes
Published?: Published
Last Modified: 09 Apr 2014 22:06
Identification Number:
URI: http://eprints.lancs.ac.uk/id/eprint/4377

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