The Limited Partnership in New York, 1822–1858
Partnerships Without Kinship
Bibliographic Data
| ID | 10098522 |
|---|---|
| Authors | Eric Hilt (Wellesley College, corresponding author), Katharine E O'Banion (Yale University, corresponding author), Katharine O'Banion |
| Year | 2009 |
| Volume | 69 |
| Issue | 3 |
| Pages | 615-645 |
| Publication date | 2009-08-21 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Journal of Economic History (JOURNAL) |
| Journal identifiers | ISSN: 0022-0507 • E-ISSN: 1471-6372 |
| Publisher | Cambridge University Press (CUP) (PUBLISHER) |
| DOI | 10.1017/s0022050709001077 |
| OpenAlex | W2997136015 |
| Language | EN |
| Citations received | 17 |
| References cited | 10 |
In 1822 New York became the first of many common law states to authorize the formation of limited partnerships. Little is known about the effects of these statutes. This article analyzes the use of the limited partnership in nineteenth-century New York City. We find that the form was adopted by a surprising number of firms, and that limited partnerships had more capital, failed at lower rates, and had fewer members with kinship ties, compared to ordinary partnerships. The results suggest that the introduction of the limited partnership facilitated investments that would not have occurred in the absence of the form
Capital (architecture · Elite · General partnership · Geography · Kinship · Limited partnership · Political science · Sociology · State (computer science · Statute · American Constitutional Law and Politics · Historical Economic and Legal Thought · Historical Economic and Social Studies · Law
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| Unique citing works | 17 |
|---|---|
| Citations per year | 1,06 |
| Citation span | 2010 - 2025 (16) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 17 |