focus has been directed at the companies that preceded the Royal African Company, launched in 1672, and through presenting …

Royal African Company in 1720 were quiet different in their design and the corporate financial policies they were intended … understandable using standard financial theory. JEL Classification: G13, N23. Keywords: Royal African Company, South Sea Company … Royal African Company in 1720 were quiet different in their design and the corporate financial policies they were intended …

securities were, however, alike. The prominent examples of the subscription shares of the South Sea Company and the Royal African … Company in 1720 were quiet different in their design and the corporate financial policies they were intended to aid. The … Royal African Company in 1720 were quiet different in their design and the corporate financial policies they were intended …

. I, lines 12-9. 6 followed in 1720 by the Royal African Company in its own subscription for new capital. 8 There was …. The Royal African Company’s subscription issues most recently figured in the study by Carlos, Moyen, and Hill, ‘Royal … their shareholders. In 1720 the Royal African Company’s subscription contracts were subject to similar enforcement …

-andrews.ac.uk Keywords: South Sea Bubble, Royal African Company, arbitrage, market efficiency, call options JEL Classifications: N23, G13 … precisely how subscription share values for the Royal African Company behaved and is demonstrated in Appendix 2. 9 … subscription share values was obeyed. This bound was precisely obeyed by Royal African Company shares as well. But how far did …