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

Freeman, M., Pearson, R. and Taylor, J. (2013) Law, politics and the governance of English and Scottish joint-stock companies 1600-1850. Business History, 55(4), (doi:10.1080/00076791.2012.741971)

69922.pdf - Published Version



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:Articles
Glasgow Author(s) Enlighten ID:Freeman, Dr Mark
Authors: Freeman, M., Pearson, R., and Taylor, J.
College/School:College of Social Sciences > School of Social and Political Sciences > Economic and Social History
Journal Name:Business History
Publisher:Taylor and Francis
ISSN (Online):1743-7938
Published Online:15 January 2013
Copyright Holders:Copyright © 2013 The Authors
First Published:First published in Business History 55:4
Publisher Policy:Reproduced in accordance with the copyright policy of the publisher

University Staff: Request a correction | Enlighten Editors: Update this record