The paper presents a conceptual framework of financial fraud based on the historical interaction of opportunity and impediment. In the long run the character of opportunity is determined by the technical characteristics of assets and their unique, unknowable or unverifiable features. Impediment...

This paper studies the origins of trademark registration in Spain and offers, for the first time, data across sectors and regions with a long-term perspective. In apparent contradiction to the slow path of industrialization and the economic backwardness of Spain between 1850 and the 1940s,...

Using a new data set on Swiss state and local governments from 1890 to today, we analyze how the adoption of proportional representation affects fiscal policy. We show that proportional systems shift spending toward broad goods (e.g. education and welfare benefits) but decrease spending on...

This paper presents a reading of British literary representations of commercial travelers between 1800 and 1939. Three forms of representation are used: nonfiction representations by others, travelers' self-representations, and fictional representations. We find remarkable continuity in...

Based on theoretical findings of the new institutional economics, this examination of the history of the Swiss chocolate company Suchard (founded in 1826) and the Verband Reisender Kaufleute der Schweiz (Association of Swiss Commercial Travelers) describes the economic significance, social...

The author of this paper intends to compare two industrial territories from western France: Chateau-Renault and Surgères. Chateau-Renault is a tanning center, and the city of Surgères houses a vast dairy. The industries of both areas deal with products of animal origins deriving from...

This paper is the first product of an ongoing research on the determinants and the role of entrepreneurship in Italian economic development. Its primary aim is the creation of a data-set of Italian entrepreneurs for the period encompassed between the Unification of the Kingdom (1861) and the end...

Artisans are usually considered as businessmen who don't advertise. The way the dvertising business organized itself at the beginning of the 20th century seems to relegate them out of his field. However, craftsmen do seem to use some kind of commercial communication. To exist in their territory,...

The main objective of this paper is to shed light on the Italian entrepreneurship between the beginning of the Second industrial revolution and the end of the XX century. It is based on a new dataset concerning the profiles of 386 entrepreneurs. The results are twofold: first, by proposing an...

After a quick profile of Italian foreign direct investments since 1900 and a short review of the main explanations of the lagged multinational growth by Italian manufacturing companies, a quick glimpse of business histories is given to the only two still today living "old protagonists" (Pirelli,...