Law, politics and the governance of English and Scottish joint-stock companies, 1600-1850
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.
Year of publication: |
2013
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Authors: | Freeman, Mark ; Pearson, Robin ; Taylor, James |
Published in: |
Business History. - Taylor & Francis Journals, ISSN 0007-6791. - Vol. 55.2013, 4, p. 636-652
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Publisher: |
Taylor & Francis Journals |
Saved in:
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