The Distant Shareholder: Attenuated Investment and the Diffusion of Social Concerns

Janette Rutterford ()
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Janette Rutterford: Open University

Chapter Chapter 7 in A History of Socially Responsible Business, c.1600–1950, 2017, pp 157-188 from Palgrave Macmillan

Abstract: Abstract This chapter explores the development of a “nation of shareholders” in the late nineteenth and early twentieth centuries. It considers how and why investor expanded their range of investments from local to regional and from national to international. In particular, the chapter explores the increasing importance of investment in this period through the lens of geography, focussing on the relationship between distance, shareholding, and supply and demand for securities, both domestic, colonial and foreign. It then examines some of the implications that the geography of shareholding raises for understanding both individual investor behaviour and its impact on corporate governance.

Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:pal:psitcp:978-3-319-60146-5_7

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DOI: 10.1007/978-3-319-60146-5_7

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