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Zur Funktion der Aktiengesellschaften in der frühen Industrialisierung

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  • Reckendrees Alfred

    (Copenhagen Business School, Center for Business History, Frederiksberg, Dänemark)

Abstract

Based on a new dataset of Prussian joint stock companies founded before 1870 this article indicates that early German joint stock companies were concentrated in a few highly developed regions. After the region became Prussian in 1815 the Rhine Province with its favourable institutional environment due to the persistence of French law (Code de Commerce) hosted a very large part of the Prussian industrial joint stock companies. Qualitative analysis of early joint stock companies in the industrial district of Aachen shows that the new institution allowed for related diversification of industrial investments into new industries within the region and contributed to the regional diffusion of technology, management knowhow, and economic expertise.

Suggested Citation

  • Reckendrees Alfred, 2012. "Zur Funktion der Aktiengesellschaften in der frühen Industrialisierung," Jahrbuch für Wirtschaftsgeschichte / Economic History Yearbook, De Gruyter, vol. 53(2), pages 137-174, December.
  • Handle: RePEc:bpj:jbwige:v:53:y:2012:i:2:p:137-174:n:7
    DOI: 10.1524/jbwg.2012.0018
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    Cited by:

    1. Alfred Reckendrees, 2015. "Weimar Germany: The first open access order that failed?," Constitutional Political Economy, Springer, vol. 26(1), pages 38-60, March.
    2. Reckendrees, Alfred, 2014. "Dynamics of Overlapping Clusters: Industrial and Institutional Revolution in the Industrial District of Aachen, 1800‐1860," MPRA Paper 55523, University Library of Munich, Germany.
    3. Reckendrees, Alfred, 2014. "Why did early industrial capitalists suggest minimum wages and social insurance?," MPRA Paper 55520, University Library of Munich, Germany.

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