Please use this identifier to cite or link to this item: http://hdl.handle.net/1893/28175
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dc.contributor.authorAcheson, Graeme Gen_UK
dc.contributor.authorCampbell, Garethen_UK
dc.contributor.authorTurner, John Den_UK
dc.date.accessioned2018-11-09T10:34:27Z-
dc.date.available2018-11-09T10:34:27Z-
dc.date.issued2019-12-31en_UK
dc.identifier.urihttp://hdl.handle.net/1893/28175-
dc.description.abstractIn the late nineteenth century Britain had almost no mandatory shareholder protections, but had very developed financial markets. We argue that private contracting between shareholders and corporations meant that the absence of statutory protections was immaterial. Using circa 500 articles of association from before 1900, we code the protections offered to shareholders in these private contracts. We find that firms voluntarily offered shareholders many of the protections which were subsequently included in statutory corporate law. We also find that companies offering better protection to shareholders had less concentrated ownership.en_UK
dc.language.isoenen_UK
dc.publisherOxford University Press (OUP)en_UK
dc.relationAcheson GG, Campbell G & Turner JD (2019) Private Contracting, Law and Finance (Forthcoming). Review of Financial Studies.en_UK
dc.rightsThis item has been embargoed for a period. During the embargo 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.en_UK
dc.subjectLaw and financeen_UK
dc.subjectADRIen_UK
dc.subjectshareholder protectionen_UK
dc.subjectcorporate ownershipen_UK
dc.subjectcommon lawen_UK
dc.titlePrivate Contracting, Law and Finance (Forthcoming)en_UK
dc.typeJournal Articleen_UK
dc.rights.embargodate2021-12-31en_UK
dc.rights.embargoreason[PrivateContracting Stirling Acheson.pdf] Publisher requires embargo of 24 months after formal publication.en_UK
dc.citation.jtitleReview of Financial Studiesen_UK
dc.citation.issn1465-7368en_UK
dc.citation.issn0893-9454en_UK
dc.citation.publicationstatusPublisheden_UK
dc.citation.peerreviewedRefereeden_UK
dc.type.statusAM - Accepted Manuscripten_UK
dc.contributor.funderThe Leverhulme Trusten_UK
dc.author.emailgraeme.acheson@stir.ac.uken_UK
dc.contributor.affiliationAccounting & Financeen_UK
dc.contributor.affiliationQueen's University Belfasten_UK
dc.contributor.affiliationQueen's University Belfasten_UK
dc.identifier.wtid1049099en_UK
dc.contributor.orcid0000-0001-7531-2082en_UK
dc.date.accepted2018-10-24en_UK
dc.date.firstcompliantdepositdate2018-11-07en_UK
dc.description.refREF Compliant by Deposit in Stirling's Repositoryen_UK
Appears in Collections:Accounting and Finance Journal Articles

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