The Rise and Fall of the Rishengchang bank model: Limiting Shareholder Influence to Attract Capital

Randall Morck and Fan Yang

Chapter Chapter 9 in Origins of Shareholder Advocacy, 2011, pp 187-212 from Palgrave Macmillan

Abstract: Abstract In the early 1800s, an era of profound isolation, the remote northern inland province of Shanxi hosted China’s premier financial center. Shanxi banks offered empire-wide branch networks and a full array of services markedly resembling those of Western banks. While most accounts suggest a purely Chinese origin, and thus a remarkable case of parallel economic evolution, a strong case can be made that Western banking diffused into Shanxi via Russia.

Keywords: Corporate Governance; Silk Road; Capital Share; Dual Class; Late Qing Dynasty (search for similar items in EconPapers)
Date: 2011
References: Add references at CitEc
Citations: View citations in EconPapers (2)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:pal:palchp:978-0-230-11666-5_9

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230116665

DOI: 10.1057/9780230116665_9

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().