The trading of unlimited liability bank shares in nineteenth-century Ireland: The Bagehot hypothesis

Journal of Economic History

Volumn 63, Issue 4, 2003, Pages 931-958

  Hickson, Charles R ^a   Turner, John D ^a  

^a QUEEN'S UNIVERSITY BELFAST   (United Kingdom)

Author keywords

[No Author keywords available]

Indexed keywords

BANKING; ECONOMIC HISTORY; NINETEENTH CENTURY;

EURASIA; EUROPE; IRELAND; WESTERN EUROPE;

EID: 0942267276     PISSN: 00220507     EISSN: None     Source Type: Journal    
DOI: 10.1017/S0022050703002493     Document Type: Article

References (51)

1. Alborn, Timothy L. Conceiving Companies: Joint-Stock Politics in Victorian England. London: Routledge, 1998.
2. Alchian, Armen A., and Susan Woodward. "The Firm is Dead, Long Live the Firm." Journal of Economic Literature 26, no. 1 (1988 : 65-79.
3. Bagehot, Walter. "Sound Banking." Saturday Review (4 October 1856). In The Collected Works of Walter Bagehot. London: The Economist, 1976.
4. Bagehot, Walter. "Unfettered Banking." Saturday Review (1 November 1856). In The Collected Works of Walter Bagehot. London: The Economist, 1976.
5. Bagehot, Walter. "The Safest Bank." The Economist (18 April 1857). In The Collected Works of Walter Bagehot. London: The Economist, 1976.
6. Bagehot, Walter. "Limited Liability in Banking - I." The Economist (17 May 1862). In The Collected Works of Walter Bagehot. London: The Economist, 1976.
7. Bagehot, Walter. "Limited Liability in Banking - II." The Economist (21 June 1862). In The Collected Works of Walter Bagehot. London: The Economist, 1976.
8. Baker, Mae, and Michael Collins. "Financial Crises and Structural Change in English Commercial Bank Assets, 1860-1913." Explorations in Economic History 36, no. 4 (1999): 428-44.
9. Barrow, G. L. "Justice for Thomas Mooney." Dublin Historical Record 24 (1970): 2.
10. Barrow, G. L. The Emergence of the Irish Banking System, 1820-1845. Dublin: Gill and Macmillan Ltd., 1975.
11. Carr, Jack L., and G. F. Mathewson. "Unlimited Liability as a Barrier to Entry." Journal of Political Economy 96, no. 4 (1988): 766-84.
12. Checkland, S. G. Scottish Banking A History, 1695-1973. Glasgow: Collins, 1975.
13. Clapham, John. The Bank of England: A History. London: Cambridge University Press, 1944.
14. Cottrell, Philip L. Industrial Finance, 1830-1914. London: Methuen, 1980.
15. Crick, W. F., and J. E. Wadsworth. A Hundred Years of Joint Stock Banking. London: Hodder and Stoughton, 1936.
16. Dillon, M. The History and Development of Banking in Ireland. Dublin: Effingham Wilson and Co., 1898.
17. Dun, John. "The Banking Institutions, Bullion Reserves, and Non-Legal-Tender Note Circulation of the United Kingdom Statistically Investigated." Journal of the Statistical Society 39 (1876): 1-189.
18. Evans, Lewis T., and Neil C. Quigley "Shareholder Liability Regimes, Principal-Agent Relationships, and Banking Industry Performance." Journal of Law and Economics 38, no. 2 (1995): 497-520.
19. Gregory, T. E. The Westminster Bank Through a Century. London: Westminster Bank Ltd., 1936.
20. Grossman, Peter Z. "The Market for Shares of Companies With Unlimited Liability: The Case of American Express." Journal of Legal Studies 24, no. 1 (1995): 63-85.
21. Grundfest, Joseph A. "The Limited Future of Unlimited Liability: A Capital Markets Perspective." Yale Law Journal 102, no. 2 (1992): 387-425.
22. Hall, F. G. The Bank of Ireland 1783-1946, Hodges, Figgis & Co, Dublin, 1949.
23. Halpern, Paul, Michael Trebilcock, and Stuart Turnbull. "An Economic Analysis of Limited Liability in Corporation Law." University of Toronto Law Journal 30 (1980): 117-50.
24. Hansmann, Henry, and Reinier Kraakman. "Toward Unlimited Liability for Corporate Torts." Yale Law Journal 100, no. 7 (1991): 1879-1934.
25. Hansmann, Henry, and Reinier Kraakman. "Do the Capital Markets Compel Limited Liability? A Response to Professor Grundfest." Yale Law Journal 102, no. 2 (1992): 427-36.
26. Harris, Ron. Industrializing English Law: Entrepreneurship and Business Organization. Cambridge: Cambridge University Press, 2000.
27. Hickson, Charles R., and John D. Turner. "The Genesis of Corporate Governance: Nineteenth-Century Irish Joint-Stock Banks", paper presented at European Business History Association Conference, Helsinki, 2002.
28. Hickson, Charles R., and John D. Turner. "Shareholder Liability Regimes in English Banking: The Impact Upon the Market for Shares." European Review of Economic History 7, no. 1 (2003): 99-125.
29. Holmes, A. R., and Edwin Greene. Midland: 150 Years of Banking Business. London: BT Batsford Ltd., 1986.
30. Hunt, Bishop C. The Development of the Business Corporation in England, 1800-1867. Cambridge, MA: Harvard University Press, 1936.
31. Jensen, Michael C., and William Meckling. "Theory of the Firm: Managerial Behaviour, Agency Costs and Capital Structure." Journal of Financial Economics 3, no. 2 (1976): 305-60.
32. Levi, Leone. "The Reconstruction of Joint Stock Banks on the Principle of Limited Liability." The Bankers' Magazine 40 (1880): 468-79.
33. Knox, W. J. Decades of the Ulster Bank, 1836-1964. Belfast: Ulster Bank Limited, 1965.
34. Kraakman, Reinier. "Unlimited Liability." In The New Palgrave Dictionary of Law and Economics, edited by P. Newman, 648-54. London: Macmillan, 1998.
35. Manne, Henry G. "Our Two Corporation Systems: Law and Economics." Virginia Law Review 53, no. 2 (1967): 259-84.
36. Mitchell, B. R. British Historical Statistics. Cambridge: Cambridge University Press, 1988.
37. Munn, Charles W. "The Emergence of Central Banking in Ireland: The Bank of Ireland 1814-1850." Irish Economic and Social History Review 10 (1983): 19-32.
38. Ó Gráda, Cormac. Ireland: A New Economic History. Oxford: Clarendon Press, 1994.
39. Ó Gráda, Cormac. "Should the Munster Bank Have Been Saved?" UCD Centre for Economic Research Working Paper.
40. Ollerenshaw, Philip. Banking in Nineteenth Century Ireland: The Belfast Banks, 1825-1914. Manchester: Manchester University Press, 1987.
41. Plumptre, C. C. M. Grant's Treatise on the Law Relating to Bankers and Banking Companies. London: Butterworths, 1882.
42. Pressnell, Leslie S. Country Banking in the Industrial Revolution. Oxford: Clarendon Press, 1956.
43. Richards, R. D. The Early History of Banking in England, London: P. S. King and Sons, 1929.
44. Rubenstein, W. D. "The Victorian Middle Classes: Wealth, Occupation, and Geography." Economic History Review 33, no. 4 (1977 : 602-23.
45. Simpson, Noel. The Belfast Bank 1827-1970. Belfast: Blackstaff Press, 1975.
46. Smith, K. C., and G. F. Horne, G. F. An Index Number of Securities, 1867-1914. London: Royal Economic Society Memorandum 47, 1934.
47. Thomas, S. E. The Rise and Growth of Joint Stock Banking. London: Sir Issac Pitman and Sons, 1934.
48. Thomas, W. A. The Stock Exchanges of Ireland. Liverpool: Francis Cairns, 1986.
49. Welch, B. L. "The Significance of the Difference Between the Two Means When Population Variances Are Unequal." Biometrika 29 (1938): 350-62.
50. Winton, Andrew. "Limitation of Liability and the Ownership Structure of the Firm." Journal of Finance 48, no. 2 (1993): 487-512.
51. Woodward, Susan. "Limited Liability in the Theory of the Firm." Journal of Institutional and Theoretical Economics 141, no. 4 (1985): 601-11.