메뉴 건너뛰기




Volumn 68, Issue 3, 2008, Pages 645-685

When did ownership separate from control? Corporate governance in the early nineteenth century

Author keywords

[No Author keywords available]

Indexed keywords

CORPORATE STRATEGY; DATA SET; ECONOMIC HISTORY; GOVERNANCE APPROACH; NINETEENTH CENTURY; OWNERSHIP;

EID: 50249148979     PISSN: 00220507     EISSN: 14716372     Source Type: Journal    
DOI: 10.1017/S0022050708000600     Document Type: Article
Times cited : (78)

References (64)
  • 1
    • 50249137998 scopus 로고
    • Albany & Schenectady Turnpike Road Company, New-York Historical Society, New York, NY
    • Albany & Schenectady Turnpike Road Company. 1801-1822. Manuscript Directors' Minutes. New-York Historical Society, New York, NY.
    • (1801) Manuscript Directors' Minutes
  • 3
    • 50249128428 scopus 로고    scopus 로고
    • Angell, Joseph K., and Samuel Ames. A Treatise on the Law of Private Corporations Aggregate. Boston: Hilliard, Gray, Little & Wilkins, 1832.
    • Angell, Joseph K., and Samuel Ames. A Treatise on the Law of Private Corporations Aggregate. Boston: Hilliard, Gray, Little & Wilkins, 1832.
  • 4
    • 50249164534 scopus 로고    scopus 로고
    • Bank of America. 1812-1824. Manuscript Directors' Minutes and Correspondence. Citigroup Archives, New York, NY.
    • Bank of America. 1812-1824. Manuscript Directors' Minutes and Correspondence. Citigroup Archives, New York, NY.
  • 5
  • 6
    • 0000087177 scopus 로고    scopus 로고
    • Stock Pyramids, Cross-Ownership, and Dual Class Equity: The Mechanisms and Agency Costs of Separating Control from Cash-Flow Rights
    • edited by Randall K. Morck, Chicago: University of Chicago Press
    • Bebchuck, Lucian A., Renier Kraakman, and George G. Triantis. "Stock Pyramids, Cross-Ownership, and Dual Class Equity: The Mechanisms and Agency Costs of Separating Control from Cash-Flow Rights." In Concentrated Corporate Ownership, edited by Randall K. Morck, 295-319. Chicago: University of Chicago Press, 2000.
    • (2000) Concentrated Corporate Ownership , pp. 295-319
    • Bebchuck, L.A.1    Kraakman, R.2    Triantis, G.G.3
  • 7
    • 35448949556 scopus 로고    scopus 로고
    • Why Has There Been So Little Block Holding in America?
    • edited by Randall K. Morck. Chicago: University of Chicago Press
    • Becht, Marco, and J. Bradford DeLong. "Why Has There Been So Little Block Holding in America?" In A History of Corporate Governance Around The World, edited by Randall K. Morck. Chicago: University of Chicago Press, 2005.
    • (2005) A History of Corporate Governance Around The World
    • Becht, M.1    Bradford DeLong, J.2
  • 9
    • 50249133404 scopus 로고    scopus 로고
    • Blandi, Joseph G. Maryland Business Corporations, 1783-1852. Baltimore: J. H. Furst, 1934.
    • Blandi, Joseph G. Maryland Business Corporations, 1783-1852. Baltimore: J. H. Furst, 1934.
  • 12
    • 50249179425 scopus 로고    scopus 로고
    • Bank Chartering and Political Corruption in Antebellum New York: Free Banking as Reform
    • edited by Edward L. Glaeser and Claudia Goldin. Chicago: University of Chicago Press
    • Bodenhorn, Howard. "Bank Chartering and Political Corruption in Antebellum New York: Free Banking as Reform." In Corruption and Reform: Lessons from America's Economic History, edited by Edward L. Glaeser and Claudia Goldin. Chicago: University of Chicago Press, 2006.
    • (2006) Corruption and Reform: Lessons from America's Economic History
    • Bodenhorn, H.1
  • 14
    • 33745848645 scopus 로고    scopus 로고
    • The Micro-Foundations of the Early London Capital Market: Bank of England Shareholders During and After the South Sea Bubble, 1720-1725
    • Carlos, Ann M., and Larry Neal. "The Micro-Foundations of the Early London Capital Market: Bank of England Shareholders During and After the South Sea Bubble, 1720-1725." Economic History Review 59, no. 3 (2006): 498-538.
    • (2006) Economic History Review , vol.59 , Issue.3 , pp. 498-538
    • Carlos, A.M.1    Neal, L.2
  • 16
    • 0011088449 scopus 로고    scopus 로고
    • The Rise of Dispersed Ownership: The Roles of Law and the State in the Separation of Ownership and Control
    • Coffee, John C. "The Rise of Dispersed Ownership: The Roles of Law and the State in the Separation of Ownership and Control." Yale Law Journal 111, no. 1 (2001): 1-82.
    • (2001) Yale Law Journal , vol.111 , Issue.1 , pp. 1-82
    • Coffee, J.C.1
  • 18
    • 84976027904 scopus 로고
    • Stock Ownership in the Early New England Textile Industry
    • Davis, Lance E. "Stock Ownership in the Early New England Textile Industry." Business History Review 32, no. 2 (1958): 204-22.
    • (1958) Business History Review , vol.32 , Issue.2 , pp. 204-222
    • Davis, L.E.1
  • 21
    • 17744369281 scopus 로고    scopus 로고
    • From Citizens to Plutocrats: Nineteenth-Century Shareholder Voting Rights and Theories of the Corporation
    • edited by Kenneth Lipartito and David B. Sicilia, Oxford: Oxford University Press
    • Dunlavy, Colleen A. "From Citizens to Plutocrats: Nineteenth-Century Shareholder Voting Rights and Theories of the Corporation." In Constructing Corporate America: History, Politics, and Culture, edited by Kenneth Lipartito and David B. Sicilia, 66-93. Oxford: Oxford University Press, 2004.
    • (2004) Constructing Corporate America: History, Politics, and Culture , pp. 66-93
    • Dunlavy, C.A.1
  • 22
    • 0041052594 scopus 로고
    • The Early History of Preferred Stock in the United States
    • Evans, George H. "The Early History of Preferred Stock in the United States." American Economic Review 19, no. 1 (1929): 43-58.
    • (1929) American Economic Review , vol.19 , Issue.1 , pp. 43-58
    • Evans, G.H.1
  • 24
    • 0012073772 scopus 로고    scopus 로고
    • The Expiration of IPO Share Lockups
    • Field, Laura C., and Gordon Hanka. "The Expiration of IPO Share Lockups." Journal of Finance 56, no. 2 (2001): 471-500.
    • (2001) Journal of Finance , vol.56 , Issue.2 , pp. 471-500
    • Field, L.C.1    Hanka, G.2
  • 26
    • 50249095413 scopus 로고
    • Gazetteer of the State of New York. Syracuse, NY: R
    • French, J. H. Gazetteer of the State of New York. Syracuse, NY: R. Pearsall Smith, 1860.
    • (1860) Pearsall Smith
    • French, J.H.1
  • 28
    • 0007043402 scopus 로고
    • One Share-One Vote and the Market for Corporate Control
    • Grossman, Sanford J., and Oliver D. Hart. "One Share-One Vote and the Market for Corporate Control." Journal of Financial Economics 20, no. 1 (1988): 175-202.
    • (1988) Journal of Financial Economics , vol.20 , Issue.1 , pp. 175-202
    • Grossman, S.J.1    Hart, O.D.2
  • 30
    • 45549118731 scopus 로고
    • Corporate Governance: Voting Rights and Majority Rules
    • Harris, Milton, and Artur Raviv. "Corporate Governance: Voting Rights and Majority Rules." Journal of Financial Economics 20, no. 1 (1988): 203-35.
    • (1988) Journal of Financial Economics , vol.20 , Issue.1 , pp. 203-235
    • Harris, M.1    Raviv, A.2
  • 31
    • 34248156635 scopus 로고    scopus 로고
    • Why Do Firms Become Widely Held? An Analysis of the Dynamics of Corporate Ownership
    • Helwege, Jean, Christo Pirinsky, and Rene M. Stulz. "Why Do Firms Become Widely Held? An Analysis of the Dynamics of Corporate Ownership." Journal of Finance 62, no. 2 (2007): 995-1028.
    • (2007) Journal of Finance , vol.62 , Issue.2 , pp. 995-1028
    • Helwege, J.1    Pirinsky, C.2    Stulz, R.M.3
  • 32
    • 33745865933 scopus 로고    scopus 로고
    • Incentives in Corporations: Evidence from the American Whaling Industry
    • Hilt, Eric. "Incentives in Corporations: Evidence from the American Whaling Industry." Journal of Law and Economics 49, no. 1 (2006): 197-227.
    • (2006) Journal of Law and Economics , vol.49 , Issue.1 , pp. 197-227
    • Hilt, E.1
  • 34
    • 0007127129 scopus 로고    scopus 로고
    • Were the Good Old Days that Good? Changes in Managerial Stock Ownership since the Great Depression
    • Holderness, Clifford G., Randall S. Korszner, and Dennis P. Sheehan. "Were the Good Old Days that Good? Changes in Managerial Stock Ownership since the Great Depression." Journal of Finance 54, no. 2 (1999): 435-69.
    • (1999) Journal of Finance , vol.54 , Issue.2 , pp. 435-469
    • Holderness, C.G.1    Korszner, R.S.2    Sheehan, D.P.3
  • 35
    • 44649197264 scopus 로고
    • Theory of the Firm: Managerial Behavior, Agency Costs, and Ownership Structure
    • Jensen, Michael, and William Meckling. "Theory of the Firm: Managerial Behavior, Agency Costs, and Ownership Structure." Journal of Financial Economics 3, no. 4 (1976): 305-60.
    • (1976) Journal of Financial Economics , vol.3 , Issue.4 , pp. 305-360
    • Jensen, M.1    Meckling, W.2
  • 36
    • 30744457624 scopus 로고    scopus 로고
    • 2 around the World: New Theory and New Tests
    • 2 around the World: New Theory and New Tests." Journal of Financial Economics 79, no. 2 (2006): 257-92.
    • (2006) Journal of Financial Economics , vol.79 , Issue.2 , pp. 257-292
    • Jin, L.1    Myers, S.2
  • 37
    • 50249084194 scopus 로고
    • A Statistical Study of the New York General Incorporation Act of 1811
    • Kessler, William C. "A Statistical Study of the New York General Incorporation Act of 1811." Journal of Political Economy 48, no. 6 (1940): 877-82.
    • (1940) Journal of Political Economy , vol.48 , Issue.6 , pp. 877-882
    • Kessler, W.C.1
  • 38
    • 84943270956 scopus 로고
    • Incorporation in New England: A Statistical Study, 1800-1875
    • Kessler, William C. "Incorporation in New England: A Statistical Study, 1800-1875." This JOURNAL 8, no. 1 (1948): 43-62.
    • (1948) This JOURNAL , vol.8 , Issue.1 , pp. 43-62
    • Kessler, W.C.1
  • 39
    • 84933492708 scopus 로고
    • Economy, Community, and the Law: The Turnpike Movement in New York, 1797-1845
    • Klein, Daniel B., and John Majewski. "Economy, Community, and the Law: The Turnpike Movement in New York, 1797-1845." Law & Society Review 26, no. 3 (1992): 469-512.
    • (1992) Law & Society Review , vol.26 , Issue.3 , pp. 469-512
    • Klein, D.B.1    Majewski, J.2
  • 42
    • 24144484896 scopus 로고    scopus 로고
    • Legal Regime and Business's Organizational Choice: A Comparison of France and the United States during the Era of Industrialization
    • Lamoreaux, Naomi, and Jean-Laurent Rosenthal. "Legal Regime and Business's Organizational Choice: A Comparison of France and the United States during the Era of Industrialization." American Law and Economics Review 7, no. 1 (2005): 28-61.
    • (2005) American Law and Economics Review , vol.7 , Issue.1 , pp. 28-61
    • Lamoreaux, N.1    Rosenthal, J.-L.2
  • 43
    • 33750021797 scopus 로고    scopus 로고
    • Corporate Governance and the Plight of Minority Shareholders in the United States before the Great Depression
    • edited by Edward L. Glaeser and Claudia Goldin, Chicago: University of Chicago Press
    • Lamoreaux, Naomi, and Jean-Laurent Rosenthal. "Corporate Governance and the Plight of Minority Shareholders in the United States before the Great Depression." In Corruption and Reform: Lesson's from America's Economic History, edited by Edward L. Glaeser and Claudia Goldin, 125-52. Chicago: University of Chicago Press, 2006.
    • (2006) Corruption and Reform: Lesson's from America's Economic History , pp. 125-152
    • Lamoreaux, N.1    Rosenthal, J.-L.2
  • 46
    • 0006761611 scopus 로고    scopus 로고
    • Corporate Ownership around the World
    • La Porta, Rafael, Florencio Lopez-de-Silanes, and Andrei Shleifer. "Corporate Ownership around the World." Journal of Finance 64, no. 2 (1999): 471-517.
    • (1999) Journal of Finance , vol.64 , Issue.2 , pp. 471-517
    • Porta, L.1    Rafael, F.L.-D.2    Shleifer, A.3
  • 47
    • 0030390374 scopus 로고    scopus 로고
    • Who Financed the Transportation Revolution? Regional Divergence and Internal Improvements in Antebellum Pennsylvania and Virginia
    • Majewski, John. "Who Financed the Transportation Revolution? Regional Divergence and Internal Improvements in Antebellum Pennsylvania and Virginia." This JOURNAL 56, no. 4 (1996): 763-88.
    • (1996) This JOURNAL , vol.56 , Issue.4 , pp. 763-788
    • Majewski, J.1
  • 48
    • 27644476356 scopus 로고    scopus 로고
    • Voting Rules and the Success of Connected Lending in Nineteenth-Century New England Banks
    • Meissner, Christopher M. "Voting Rules and the Success of Connected Lending in Nineteenth-Century New England Banks." Explorations in Economic History 42, no. 4 (2005): 509-28.
    • (2005) Explorations in Economic History , vol.42 , Issue.4 , pp. 509-528
    • Meissner, C.M.1
  • 50
    • 33645896609 scopus 로고
    • Management Ownership and Market Valuation: An Empirical Analysis
    • Morck, Randall, Andrei Shleifer, and Robert Vishny. "Management Ownership and Market Valuation: An Empirical Analysis." Journal of Financial Economics 20, no. 1 (1988): 293-315.
    • (1988) Journal of Financial Economics , vol.20 , Issue.1 , pp. 293-315
    • Morck, R.1    Shleifer, A.2    Vishny, R.3
  • 52
    • 50249097004 scopus 로고
    • Oneida Manufacturing Society, Oneida County Historical Society, Utica, NY
    • Oneida Manufacturing Society. 1820-1856. Manuscript Directors' Minutes. Oneida County Historical Society, Utica, NY.
    • (1820) Manuscript Directors' Minutes
  • 53
    • 50249119899 scopus 로고    scopus 로고
    • Ratner, David L. The Government of Business Corporations: Critical Reflections on the Rule of One Share, One Vote. Cornell Law Review 56, no. ? (1970): 1-56.
    • Ratner, David L. "The Government of Business Corporations: Critical Reflections on the Rule of One Share, One Vote." Cornell Law Review 56, no. ? (1970): 1-56.
  • 54
  • 55
    • 11344288609 scopus 로고    scopus 로고
    • Emerging Financial Markets and Early U.S. Growth
    • Rousseau, Peter L., and Richard Sylla. "Emerging Financial Markets and Early U.S. Growth." Explorations in Economic History 42, no. 1 (2005): 1-26.
    • (2005) Explorations in Economic History , vol.42 , Issue.1 , pp. 1-26
    • Rousseau, P.L.1    Sylla, R.2
  • 58
    • 50249089849 scopus 로고    scopus 로고
    • Sylla, Richard E., Jack W. Wilson, and Robert E. Wright. Price Quotations in Early United States Securities Markets, 1790-1860. ICPSR04053-v1. Ann Arbor, MI: Inter-university Consortium for Political and Social Research, 2005-08-24.
    • Sylla, Richard E., Jack W. Wilson, and Robert E. Wright. Price Quotations in Early United States Securities Markets, 1790-1860. ICPSR04053-v1. Ann Arbor, MI: Inter-university Consortium for Political and Social Research, 2005-08-24.
  • 59
    • 85165039204 scopus 로고    scopus 로고
    • Market-Augmenting Government? States and Corporations in Nineteenth-Century America
    • edited by Omar Azfar and Charles A. Cadwell, Ann Arbor: University of Michigan Press
    • Wallis, John. "Market-Augmenting Government? States and Corporations in Nineteenth-Century America." In Market-Augmenting Government, edited by Omar Azfar and Charles A. Cadwell, 223-65. Ann Arbor: University of Michigan Press, 2003.
    • (2003) Market-Augmenting Government , pp. 223-265
    • Wallis, J.1
  • 60
    • 0003258769 scopus 로고
    • Corporate Law in Search of Its Future
    • Werner, Walter. "Corporate Law in Search of Its Future." Columbia Law Review 81, no. 8 (1981): 1610-66.
    • (1981) Columbia Law Review , vol.81 , Issue.8 , pp. 1610-1666
    • Werner, W.1
  • 61
    • 0040362835 scopus 로고
    • New York: Columbia University Press
    • Werner, Walter, and Steven T. Smith. Wall Street. New York: Columbia University Press, 1991.
    • (1991) Wall Street
    • Werner, W.1    Smith, S.T.2
  • 62
    • 50249167437 scopus 로고    scopus 로고
    • Whitestown Cotton & Wollen Manufacturing Society, Oneida County Historical Society, Utica, NY
    • Whitestown Cotton & Wollen Manufacturing Society. Manuscript Stock Ledger. Oneida County Historical Society, Utica, NY.
    • Manuscript Stock Ledger
  • 63
    • 0033468688 scopus 로고    scopus 로고
    • Bank Ownership and Lending Patterns in New York and Pennsylvania, 1781-1831
    • Wright, Robert E. "Bank Ownership and Lending Patterns in New York and Pennsylvania, 1781-1831." Business History Review 73, no. 1 (1999): 40-60.
    • (1999) Business History Review , vol.73 , Issue.1 , pp. 40-60
    • Wright, R.E.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.