Add to ORKGWe use newly-constructed individual-level data on partnership contracts in late nineteenth century Rio de Janeiro to examine differences between limited and unlimited liability firms and partners, and to assess the impact of a major institutional reform that facilitated the formation of joint stock companies on the terms of partnership contracts. Contrary to expectation, we find that most unlimited partners contributed capital and received profit shares, and most non-managing limited partners received salaries. Limited partners contributed more capital and received lower salaries and profit shares than their unlimited partners; unlimited partners in limited firms received more favorable terms than those in unlimited firms. Finally, we find ...
Firm integration is fundamentally shaped by contractual frictions. But do better contracting institu...
In the late nineteenth century Britain had almost no mandatory shareholder protections, but had very...
This article challenges the idea that the corporation is a globally superior form of business organi...
We use newly-constructed individual-level data on partnership contracts in late nineteenth century R...
We construct an individual-level dataset of partnership contracts in late nineteenth century Rio de ...
For most of the period associated with the Industrial Revolution in Britain, English law restricted ...
This Article suggests that the partnership form is attractive for many firms on the margin only beca...
The data analysed for Antwerp, for the period 1830-50, above is rather counter-intuitive. Company st...
Since the rapid rise in organizational forms for business associations, academics and practitioners ...
Modern economies are heavily dependent on the corporate form of doing business. The sheer scale of m...
Each partner in an at-will partnership can obtain a cash payout of his interest at any time. The cor...
In today’s commercial partnerships – the limited liability company in its various forms in particul...
Chapter 1: Why Form Business Partnerships? I empirically investigate why some people find a business...
Due to its flow-through tax advantages and its characteristic of limited liability, the limited part...
In the late nineteenth century Britain had almost no mandatory shareholder protections, but had very...
Firm integration is fundamentally shaped by contractual frictions. But do better contracting institu...
In the late nineteenth century Britain had almost no mandatory shareholder protections, but had very...
This article challenges the idea that the corporation is a globally superior form of business organi...
We use newly-constructed individual-level data on partnership contracts in late nineteenth century R...
We construct an individual-level dataset of partnership contracts in late nineteenth century Rio de ...
For most of the period associated with the Industrial Revolution in Britain, English law restricted ...
This Article suggests that the partnership form is attractive for many firms on the margin only beca...
The data analysed for Antwerp, for the period 1830-50, above is rather counter-intuitive. Company st...
Since the rapid rise in organizational forms for business associations, academics and practitioners ...
Modern economies are heavily dependent on the corporate form of doing business. The sheer scale of m...
Each partner in an at-will partnership can obtain a cash payout of his interest at any time. The cor...
In today’s commercial partnerships – the limited liability company in its various forms in particul...
Chapter 1: Why Form Business Partnerships? I empirically investigate why some people find a business...
Due to its flow-through tax advantages and its characteristic of limited liability, the limited part...
In the late nineteenth century Britain had almost no mandatory shareholder protections, but had very...
Firm integration is fundamentally shaped by contractual frictions. But do better contracting institu...
In the late nineteenth century Britain had almost no mandatory shareholder protections, but had very...
This article challenges the idea that the corporation is a globally superior form of business organi...