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Law, Politics and the Governance of English and Scottish Joint-Stock Companies 1600-1850

Freeman, Mark and Pearson, Robin and Taylor, James (2013) Law, Politics and the Governance of English and Scottish Joint-Stock Companies 1600-1850. Business History, 55 (4). pp. 636-52. ISSN 0007-6791. DOI UNSPECIFIED

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Abstract

This article examines the impact of law on corporate governance by means of a case study of joint-stock enterprise in England and Scotland before 1850. Based on a dataset of over 450 company constitutions together with qualitative information on governance practice, it finds little evidence to support the hypothesis that common-law regimes such as England were more supportive of economic growth than civil-law jurisdictions such as Scotland: indeed, levels of shareholder protection were slightly stronger in the civil-law zone. Other factors, such as local political institutions, played a bigger role in shaping organisational forms and business practice.

Item Type: Article
Depositing User: Atira Pure
Date Deposited: 18 Nov 2014 14:26
Last Modified: 29 Jan 2015 09:13
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