The Trading of Unlimited Liability Bank Shares in Nineteenth-Century Ireland
The Bagehot Hypothesis
Bibliographic Data
| ID | 4908239 |
|---|---|
| Authors | Charles R Hickson, Charles Hickson (Queen's University Belfast), John D Turner (0000-0001-8543-4374, Queen's University Belfast) |
| Year | 2003 |
| Volume | 63 |
| Issue | 4 |
| Pages | 931-958 |
| Publication date | 2003-12-01 |
| 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/s0022050703002493 |
| OpenAlex | W2039405901 |
| Language | EN |
| Citations received | 12 |
| References cited | 23 |
In the mid-1820s, banks became the first businesses in Great Britain and Ireland to be allowed to form freely on an unlimited liability joint-stock basis. Walter Bagehot warned that their shares would ultimately be owned by widows, orphans, and other impecunious individuals. Another hypothesis is that the governing bodies of these banks, constrained by special legal restrictions on share trading, acted effectively to prevent such shares being transferred to the less wealthy. We test both conjectures using the archives of an Irish joint-stock bank. The results do not support Bagehot's hypothesis
Business · Corporate governance · Economics · Financial economics · Irish · Joint and several liability · Joint-stock company · Liability · Limited liability · Monetary economics · Shares outstanding · Stock (firearms) · Stock exchange · Strict liability · Finance · Historical Economic and Social Studies · History
Corporate identity, company law and currency
Trust Company Failures and Institutional Change in New York, 1875–1925
The death blow to unlimited liability in Victorian Britain
Much ado about nothing
The Birth of Joint-Stock Banking
Organisational flexibility and governance in a civil-law regime
Wider share ownership
The character and denomination of shares in the Victorian equity market1
Contingent capital and bank risk-taking among British banks before the First World War1
Investor behaviour in a nascent capital market
Three centuries of corporate governance in the United Kingdom
The impact of limited liability on ownership and control
The Bank of England
Country banking in the industrial revolution.
Industrializing English Law
Theory of the firm
An Economic Analysis of Limited Liability in Corporation Law
Unlimited Liability as a Barrier to Entry
Financial Crises and Structural Change in English Commercial Bank Assets, 1860–1913
The Westminster Bank Through a Century
The Bank of Ireland, 1783-1946
Scottish Banking. A History 1695-1973
The Pioneers of Banking in England
The Rise and Growth of Joint Stock Banking
The Victorian Middle Classes
The Stock Exchanges of Ireland
Midland
A Hundred Years of Joint-Stock Banking
The Emergence of the Irish Banking System, 1820-45
The Emergence of Central Banking in Ireland
| Unique citing works | 12 |
|---|---|
| Citations per year | 0,57 |
| Citation span | 2005 - 2025 (21) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 12 |