Pioneering Modern Corporate Governance: a View from London in 1900

Leslie Hannah
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Leslie Hannah: Faculty of Economis, University of Tokyo and Ecole des Hautes Etudes en Sciences Sociales

No CIRJE-F-487, CIRJE F-Series from CIRJE, Faculty of Economics, University of Tokyo

Abstract: Around 1900 Britain was exceptionally suited to pioneering large scale enterprises because of the precocious development of its equity markets and London's experimentation with a more eclectic range of corporate governance techniques than the world's smaller and less cosmopolitan financial centers. Information dissemination, incentives and reputation - developed by a serendipitous mix of legal compulsions and flexible voluntarism - set the scene for the growth of large, UK-based, national and international corporations in the twentieth century.

Pages: 57 pages
Date: 2007-03
New Economics Papers: this item is included in nep-his
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Citations: View citations in EconPapers (17)

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