Pioneering Modern Corporate Governance: a View from London in 1900 (Subsequently published in "Enterprise and Society", vol. 8, no. 3, September 2007, pp. 642-86. )
AbstractAround 1900 Britain was exceptionally suited to pioneering large scale enterprises because of the precocious development of its equity markets and London's experimentation with a more eclectic range of corporate governance techniques than the world's smaller and less cosmopolitan financial centers. Information dissemination, incentives and reputation - developed by a serendipitous mix of legal compulsions and flexible voluntarism - set the scene for the growth of large, UK-based, national and international corporations in the twentieth century.
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Bibliographic InfoPaper provided by Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo in its series CARF F-Series with number CARF-F-093.
Length: 57 pages
Date of creation: Mar 2007
Date of revision:
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