Active Controllers or Wealthy Rentiers? Large Shareholders in Victorian Public Companies
Bibliographic Data
| ID | 9624847 |
|---|---|
| Authors | Graeme G Acheson, Graeme Acheson (0000-0001-7531-2082, corresponding author), Gareth Campbell (0000-0002-7387-3449), John D Turner (0000-0001-8543-4374) |
| Year | 2015 |
| Volume | 89 |
| Issue | 4 |
| Pages | 661-691 |
| Publication date | 2015-01-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Business History Review (JOURNAL) |
| Journal identifiers | ISSN: 0007-6805 • E-ISSN: 2044-768X |
| Publisher | Cambridge University Press (CUP) (PUBLISHER) |
| DOI | 10.1017/s0007680515001026 |
| OpenAlex | W2261064908 |
| Language | EN |
| Citations received | 7 |
| References cited | 64 |
This article addresses the issue of whether large shareholders in Victorian public companies were active in the control of companies or were simply wealthy rentiers. Using ownership records for 890 firm-years, we examine the control rights, socio-occupational background, and wealth of large shareholders. We find that many large shareholders had limited voting rights and neither they nor family members were directors. This implies that the majority of public companies in the second half of the nineteenth century cannot be characterized as family companies and that large shareholders are better viewed as wealthy gentlemen capitalists rather than entrepreneurs
Business · Control (management · Corporate governance · Economics · Management · Market economy · Political science · Politics · Shareholder · Voting · Accounting · Corporate Finance and Governance · Family Business Performance and Succession · Finance · Historical Economic and Social Studies · Law
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| Unique citing works | 7 |
|---|---|
| Citations per year | 0,78 |
| Citation span | 2017 - 2026 (10) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 7 |