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A stable network as a source of entrepreneurial opportunities: The Rothschilds in Spain, 1835-1931

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  • Miguel Lopez-Morell
  • Jose O'Kean

Abstract

Taking business decisions in large corporations requires the establishment of a competent network to channel information, permit the delegation of routine decisions, and assure the whole process is undertaken in the strictest confidence. Recent theories on social networks and the carrying out of the entrepreneurial function tackle these questions and constitute a new perspective for examining business cases. From this viewpoint, the present article seeks to analyse the entrepreneurial network established in Spain by the House of Rothschild between 1835 and 1931. It was a perfectly structured network that differentiated between agents, clientele, partners, and correspondents in a web of firms and institutions that allowed the Rothschilds to exercise their industrial and financial hegemony and consolidate themselves as the country's largest investor in the financial, industrial, railway and mining sectors throughout the stated period.

Suggested Citation

  • Miguel Lopez-Morell & Jose O'Kean, 2008. "A stable network as a source of entrepreneurial opportunities: The Rothschilds in Spain, 1835-1931," Business History, Taylor & Francis Journals, vol. 50(2), pages 163-184.
    • Handle: RePEc:taf:bushst:v:50:y:2008:i:2:p:163-184
    DOI: 10.1080/00076790701868569
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    References listed on IDEAS

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    1. Casson, Mark, 1991. "The Economics of Business Culture: Game Theory, Transaction Costs, and Economic Performance," OUP Catalogue, Oxford University Press, number 9780198283751.
    2. repec:ucp:bkecon:9789052600246 is not listed on IDEAS
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    Cited by:

    1. Javier Mejia, 2018. "Social Interactions and Modern Economic Growth," Working Papers 20180021, New York University Abu Dhabi, Department of Social Science, revised Sep 2018.
    2. Javier Mejia, 2018. "Social Networks and Entrepreneurship. Evidence from a Historical Episode of Industrialization," Documentos CEDE 16380, Universidad de los Andes, Facultad de Economía, CEDE.

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