Was the nineteenth-century Denbighshire coalfield a worthwhile investment? An analysis of the investors and their returns

Bethan Lloyd Jones

Accounting History Review, 2010, vol. 20, issue 2, 231-261

Abstract: As the nineteenth century progressed, more capital was needed to finance industry and businessmen found that they were increasingly unable to raise the funds required from a small pool of family, friends and acquaintances. The introduction of limited liability in 1855 provided a solution to this problem and share ownership became increasingly widespread. The purpose of this article is to analyse the shareholders of Denbighshire coal companies in terms of their occupation, geographical location and motives for ownership, and also to examine whether their shareholdings gave them a reasonable return on investment.

Keywords: shareholders; dividends; coal industry; nineteenth century; Denbighshire; return on capital (search for similar items in EconPapers)
Date: 2010
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.tandfonline.com/doi/abs/10.1080/09585206.2010.485750 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:acbsfi:v:20:y:2010:i:2:p:231-261

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/rabf21

DOI: 10.1080/09585206.2010.485750

Access Statistics for this article

Accounting History Review is currently edited by Stephen Walker

More articles in Accounting History Review from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().