Shanxi Piaohao and Shanghai Qianzhuang
A comparison of the two main banking systems of nineteenth-century China
Bibliographic Data
| ID | 8420243 |
|---|---|
| Authors | Craig Wilson (0000-0002-4887-2735, University of Saskatchewan, corresponding author), Fan Yang (0000-0003-2978-7102, University of Saskatchewan) |
| Year | 2016 |
| Volume | 58 |
| Issue | 3 |
| Pages | 433-452 |
| Publication date | 2016-04-02 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Business History (JOURNAL) |
| Journal identifiers | ISSN: 0007-6791 • E-ISSN: 1743-7938 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/00076791.2015.1122711 |
| OpenAlex | W2286193588 |
| Language | EN |
| Citations received | 5 |
| References cited | 25 |
We investigate the creation, development, and main business strategies of Shanxi Piaohao banks and Shanghai Qianzhuang banks. We also detail the characteristics associated with governance and family involvement in these different banking systems, and compare the two systems to illustrate differences in business practices. Piaohao banks had very conservative business practices, and Qianzhuang banks had very risky business practices. These differences arose from different intermediation needs in the two regions, and they were associated with different governance and ownership structures, which led to substantially different methods for dealing with potential agency problems
Ancient history · Archaeology · Business · China · Commercial banking · Economic history · Economics · Economy · Financial system · Corporate Finance and Governance · Family Business Performance and Succession · History · Islamic Finance and Banking Studies
Modern Corporation and Private Property
Agency Problems and Residual Claims
Defining the Family Business by Behavior
Management ownership and market valuation
Theory of the firm
Money and Credit in China
Risk Aversion, Performance Pay, and the Principal-Agent Problem
Large Shareholder Activism, Risk Sharing, and Financial Market Equilibrium
Performance Pay and Top-Management Incentives
What's in a Name? Merchants, Merchant Bankers, Accepting Houses, Issuing Houses, Industrial Bankers and Investment Bankers
The Profitability of Anglo-Chinese Trade, 1861–1913
Scottish Banking
China Unincorporated
| Unique citing works | 5 |
|---|---|
| Citations per year | 0,56 |
| Citation span | 2017 - 2025 (9) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 5 |