EconPapers    
Economics at your fingertips  
 

The Evolution of Bank Boards of Directors in New York, 1840-1950

Howard Bodenhorn () and Eugene White ()

No 20078, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Contemporary bank governance is criticized for manager-dominated (insider) boards of directors, but from the beginning of the nineteenth century, bank presidents appear also to have operated as chairmen of the boards of directors. However, the managers were constrained by a variety of rules that tended to align the interests of management, shareholders and other stakeholders until the mid-twentieth century. We trace this development through New York banking law and new data on banks chartered by the State of New York.

JEL-codes: G21 G30 N21 (search for similar items in EconPapers)
Date: 2014-04
New Economics Papers: this item is included in nep-his
Note: CF DAE
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Published as The Evolution of Bank Boards of Directors in New York, 1840–1950 , Howard Bodenhorn, Eugene N. White. in Enterprising America: Businesses, Banks, and Credit Markets in Historical Perspective , Collins and Margo. 2015

Downloads: (external link)
http://www.nber.org/papers/w20078.pdf (application/pdf)

Related works:
Chapter: The Evolution of Bank Boards of Directors in New York, 1840–1950 (2014) Downloads
Working Paper: THE EVOLUTION OF BANK BOARDS OF DIRECTORS IN NEW YORK, 1840-1950 (2014) Downloads
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:nbr:nberwo:20078

Ordering information: This working paper can be ordered from
http://www.nber.org/papers/w20078

Access Statistics for this paper

More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by ().

 
Page updated 2020-07-02
Handle: RePEc:nbr:nberwo:20078