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Corporations in the US and Europe 1790–1860

Hannah, Leslie (2014) Corporations in the US and Europe 1790–1860. Business History, 56 (6). pp. 865-899. ISSN 0007-6791

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Identification Number: 10.1080/00076791.2013.837893


Sylla and Wright's statistics of new US special incorporations in 1790-1860 show that they exceeded those in France, Prussia and the UK, but the aggregate paid-up share capitals of extant companies were not so far apart in 1860. The UK continued to lead corporatisation, as measured by the ratio of corporate share capital to GDP. The distinctive features of US corporations were that they were small, diverse and numerous, while UK corporations were larger, more capital-intensive, less prone to disappear and had more dispersed ownership.

Item Type: Article
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Additional Information: © 2014 Taylor & Francis
Divisions: Economic History
Subjects: H Social Sciences > HC Economic History and Conditions
Date Deposited: 06 Jan 2014 11:45
Last Modified: 07 Dec 2021 16:33

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