Please use this identifier to cite or link to this item: http://hdl.handle.net/1893/22814
Appears in Collections:Accounting and Finance Journal Articles
Peer Review Status: Refereed
Title: Active Controllers or Wealthy Rentiers?: Large Shareholders in Victorian Public Companies
Authors: Acheson, Graeme
Campbell, Gareth
Turner, John D
Contact Email: graeme.acheson@stir.ac.uk
Issue Date: Dec-2015
Publisher: Cambridge University Press for The President and Fellows of Harvard College
Citation: Acheson G, Campbell G & Turner JD (2015) Active Controllers or Wealthy Rentiers?: Large Shareholders in Victorian Public Companies, Business History Review, 89 (4), pp. 661-691.
Abstract: This article addresses the issue of whether large shareholders in Victorian public companies were active in the control of companies or were simply wealthy rentiers. Using ownership records for 890 firm-years, we examine the control rights, socio-occupational background, and wealth of large shareholders. We find that many large shareholders had limited voting rights and neither they nor family members were directors. This implies that the majority of public companies in the second half of the nineteenth century cannot be characterized as family companies and that large shareholders are better viewed as wealthy gentlemen capitalists rather than entrepreneurs.
Type: Journal Article
URI: http://hdl.handle.net/1893/22814
DOI Link: http://dx.doi.org/10.1017/S0007680515001026
Rights: The publisher does not allow this work to be made publicly available in this Repository. Please use the Request a Copy feature at the foot of the Repository record to request a copy directly from the author. You can only request a copy if you wish to use this work for your own research or private study.
Affiliation: Accounting and Finance
Queen's University Belfast
Queen's University Belfast

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