Skip Navigation


Enterprise and Society Advance Access originally published online on August 17, 2007
Enterprise and Society 2007 8(3):642-686; doi:10.1093/es/khm069
This Article
Right arrow Full Text
Right arrow Full Text (PDF)
Right arrow All Versions of this Article:
8/3/642    most recent
khm069v1
Right arrow Alert me when this article is cited
Right arrow Alert me if a correction is posted
Services
Right arrow Email this article to a friend
Right arrow Similar articles in this journal
Right arrow Alert me to new issues of the journal
Right arrow Add to My Personal Archive
Right arrow Download to citation manager
Right arrowRequest Permissions
Google Scholar
Right arrow Articles by Hannah, L.
Right arrow Search for Related Content
Social Bookmarking
Add to CiteULike   Add to Connotea   Add to Del.icio.us  
What's this?

Copyright © The Author 2007. Published by Oxford University Press on behalf of the Business History Conference.

Pioneering Modern Corporate Governance: A View from London in 1900

Leslie Hannah

Professor of Economics, University of Tokyo and Directeur d'Etudes Associé, Ecole des Hautes Etudes en Sciences Sociales, Paris. Contact information: 620 Maison Suger, 16–18 rue Suger, 75006 Paris, France

lesliehannah{at}hotmail.com

Around 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.

"The investment business is not with us as well developed or as well understood as it is in England."

W. H. Lyon, Capitalization (Boston, 1913), 207.

I am grateful, without implicating them in the outcome, to Terry Gourvish, Ranald Michie, Tetsuji Okazaki, Mary O'Sullivan, Richard Sylla, Janette Rutterford, Peter Wardley, and to the referees and editors, for advice.


Add to CiteULike CiteULike   Add to Connotea Connotea   Add to Del.icio.us Del.icio.us    What's this?




Disclaimer:
Please note that abstracts for content published before 1996 were created through digital scanning and may therefore not exactly replicate the text of the original print issues. All efforts have been made to ensure accuracy, but the Publisher will not be held responsible for any remaining inaccuracies. If you require any further clarification, please contact our Customer Services Department.