Law, politics and the governance of English and Scottish joint-stock companies, 1600-1850

Freeman, Mark and Pearson, Robin and Taylor, James (2013) Law, politics and the governance of English and Scottish joint-stock companies, 1600-1850. Business History, 55 (4). pp. 636-652. ISSN 0007-6791

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Abstract

This article examines the impact of law on corporate governance by means of a case study of joint-stock enterprise in England and Scotland before 1850. Based on a dataset of over 450 company constitutions together with qualitative information on governance practice, it finds little evidence to support the hypothesis that common-law regimes such as England were more supportive of economic growth than civil-law jurisdictions such as Scotland: indeed, levels of shareholder protection were slightly stronger in the civil-law zone. Other factors, such as local political institutions, played a bigger role in shaping organisational forms and business practice.

Item Type:
Journal Article
Journal or Publication Title:
Business History
Uncontrolled Keywords:
/dk/atira/pure/researchoutput/libraryofcongress/da
Subjects:
ID Code:
62504
Deposited By:
Deposited On:
21 Feb 2013 10:58
Refereed?:
Yes
Published?:
Published
Last Modified:
01 Sep 2020 01:23