IDEAS home Printed from https://ideas.repec.org/a/cup/jechis/v52y1992i01p181-205_01.html
   My bibliography  Save this article

64thers, Syndicates, and Stock Promotions: Information Flows and Fund-raising Techniques of British Shipowners Before 1914

Author

Listed:
  • Boyce, Gordon

Abstract

Analysis of British capital market operations before 1914 has focused on institutional and investor behavior without fully considering entrepreneurial conduct. Consequently, those who argue that industrial performance was impaired because capital flows were obstructed by information blockages have overlooked the role company owners could play in shaping communication lines. The fund-raising techniques used by shipowners reveal that private capital attracted through preferential communication channels supported the rise of large-scale enterprise. Founders were not motivated by supply constraints, nor did they forego profits to retain control. Rather, shipowners created asymmetric information flows to attract resources and shape institutional development.

Suggested Citation

  • Boyce, Gordon, 1992. "64thers, Syndicates, and Stock Promotions: Information Flows and Fund-raising Techniques of British Shipowners Before 1914," The Journal of Economic History, Cambridge University Press, vol. 52(1), pages 181-205, March.
    • Handle: RePEc:cup:jechis:v:52:y:1992:i:01:p:181-205_01
    as

    Download full text from publisher

    File URL: https://www.cambridge.org/core/product/identifier/S0022050700010317/type/journal_article
    File Function: link to article abstract page
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Foreman-Peck, James & Hannah, Leslie, 2011. "Extreme Divorce: the Managerial Revolution in UK Companies before 1914," Cardiff Economics Working Papers E2011/21, Cardiff University, Cardiff Business School, Economics Section.
    2. Hilt, Eric, 2006. "Incentives in Corporations: Evidence from the American Whaling Industry," Journal of Law and Economics, University of Chicago Press, vol. 49(1), pages 197-227, April.
    3. Leslie Hannah, 2007. "What did Morgan's Men really do?," CIRJE F-Series CIRJE-F-465, CIRJE, Faculty of Economics, University of Tokyo.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cup:jechis:v:52:y:1992:i:01:p:181-205_01. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kirk Stebbing (email available below). General contact details of provider: https://www.cambridge.org/jeh .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.