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)
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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: | Articles |
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Status: | Published |
Refereed: | Yes |
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: | 0007-6791 |
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 |
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