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Opaque Networks: Business and community in the Isle of Man, 1840-1900

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  • Tim Crumplin

Abstract

The role of 'opaque' networks are analysed within the context of an infant economy with low levels of corporate governance. A period of economic expansion is studied, documenting the effects of credit liberalisation. This article outlines the significance of networks, emerging business cliques, particularly around financial institutions and the interlocking directorates these affiliations allow. Their effects upon financial reporting, business credibility and its effects upon the network life cycle are considered. Market manipulation, the importance of monitoring in instances of unsophisticated governance structures and the agents used (but particularly local/national press) are all analysed.

Suggested Citation

  • Tim Crumplin, 2007. "Opaque Networks: Business and community in the Isle of Man, 1840-1900," Business History, Taylor & Francis Journals, vol. 49(6), pages 780-801.
    • Handle: RePEc:taf:bushst:v:49:y:2007:i:6:p:780-801
    DOI: 10.1080/00076790701710233
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    References listed on IDEAS

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    1. Barry Eichengreen., 1997. "The Baring Crisis in a Mexican Mirror," Center for International and Development Economics Research (CIDER) Working Papers C97-084, University of California at Berkeley.
    2. Edwards, Sebastian & Edwards, Alejandra Cox, 1991. "Monetarism and Liberalization," University of Chicago Press Economics Books, University of Chicago Press, edition 1, number 9780226184890, September.
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    Cited by:

    1. Claire E. F. Wright, 2022. "Above board? Interlocking directorates and corporate contagion in 1980s Australia," Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 62(3), pages 290-312, November.

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