Privacy, publicity, and reputation:how the press regulated the market in nineteenth-century England

Taylor, James (2013) Privacy, publicity, and reputation:how the press regulated the market in nineteenth-century England. Business History Review, 87 (4). pp. 679-701. ISSN 0007-6805

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Abstract

Many commentators believe that the business press “missed” the story of the twenty-first century—the 2008 economic crisis. Condemned for being too close to the firms they were supposed to be holding to account, journalists failed in their duties to the public. Recent historical studies of business journalism present a similarly pessimistic picture. By contrast, this article stresses the importance of the press as a key intermediary of reputation in the nineteenth-century marketplace. In England, reporters played an instrumental role in opening up companies' general meetings to the public gaze and in warning investors of fraudulent businesses. This regulation by reputation was at least as important as company law in making the City of London a relatively safe place to do business by the start of the twentieth century.

Item Type:
Journal Article
Journal or Publication Title:
Business History Review
Additional Information:
http://journals.cambridge.org/action/displayJournal?jid=BHR The final, definitive version of this article has been published in the Journal, Business History Review, 87 (4), pp 679-701 2013, © 2013 Cambridge University Press.
Uncontrolled Keywords:
/dk/atira/pure/subjectarea/asjc/1400/1403
Subjects:
ID Code:
66282
Deposited By:
Deposited On:
17 Sep 2013 08:03
Refereed?:
Yes
Published?:
Published
Last Modified:
15 Jan 2020 07:40