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Enterprise and Society Advance Access originally published online on January 20, 2007
Enterprise and Society 2007 8(1):106-135; doi:10.1093/es/khl073
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Copyright © The Author 2007. Published by Oxford University Press on behalf of the Business History Conference.

The Next Best Thing to Getting Married: Partnerships among the Jewelry Manufacturers in the Providence/Attleboro Area during the Nineteenth Century

Duol Kim, Reseach Fellow

Korea Development Institute, P.O. Box 113, Cheongnyang, Seoul 130–012, Tel: 82-2-958-4124, Korea

duolkim{at}kdi.re.kr

This study aims at enhancing our understanding of how industrial conditions affect the choice of a firm's ownership structure. The Providence/Attleboro area was a center of jewelry production during the nineteenth century. Because of the differentiated nature of the product, the Providence/Attleboro jewelers needed to promote their products among the wholesalers in distant markets. These geographical and industrial conditions motivated the entrepreneurs to organize partnerships for ameliorating informational asymmetries and for mobilizing the capital required to achieve economies of scale in sales and production.

I thank Naomi Lamoreaux, Jean-Laurent Rosenthal, Kenneth Sokoloff, and Steven Usselman for helpful comments. Matt Wiswall and Radek Szulga discussed and proofread this paper. Of course, all errors are mine. I am also grateful to the participants of seminars at the Rhode Island Historical Society, UCLA, UC Davis, the Business History Conference in Minneapolis, KDI, and Seoul National University. The Newell D. Goff Institute at the Rhode Island Historical Society generously provided financial support. I am grateful to Donald W. Gardner, Ronnie Newman, Jungho Kim, and other friends who helped my research in Providence. Alfred Weisberg and Jane Civins kindly explained the jewelry museum collections. I should also express my thanks to the library staff at the Rhode Island Historical Society and the Historical Collection of the Baker Library at the Harvard Business School. Heechul Min supported my data collection in New York.

The author's title has been corrected.


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