The diffusion and impact of the corporation in 1910

Datos Bibliográficos

ID3530586
AutoresJames Foreman‐peck (Cardiff University), James Foreman–peck (0000-0001-9826-5725, Cardiff University, autor de correspondencia), Leslie Hannah (0000-0003-0839-7412, London School of Economics and Political Science)
Año2015
Volumen68
Número3
Páginas962-984
Fecha de publicación2015-08-01
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaThe Economic History Review (JOURNAL)
Identificadores de la revistaISSN: 0013-0117 • E-ISSN: 1468-0289
EditorialWiley (PUBLISHER • GB)
DOI10.1111/ehr.12088
OpenAlexW2147812533
IdiomaEN
Citas recibidas7
Referencias citadas22

With new and comprehensive data on the international spread of listed and unlisted corporations before the First World War, this article shows the prominence of common law and Scandinavian civil law in the process. This association is interpreted as demonstrating the strong contribution of liberal (laissez-faire) industrial stances. The findings confirm an extended version of Rajan and Zingales's hypothesis that trade and capital openness are necessary for companies to flourish. Despite the possibilities that companies were created for fraud and exploitation, countries using the corporate form more extensively before 1914 had higher GDP per capita. Through this process, the benefit of imperialism extended to British dominions, but not much, if at all, to British dependent colonies

Classical economics · Corporation · Economics · Openness to experience · Per capita · Political science · Sociology · Australian History and Society · Corporate Finance and Governance · Demography · Historical Economic and Social Studies · Law