Jump to ContentJump to Main Navigation
Going the DistanceEurasian Trade and the Rise of the Business Corporation, 1400-1700$
Users without a subscription are not able to see the full content.

Ron Harris

Print publication date: 2020

Print ISBN-13: 9780691150772

Published to Princeton Scholarship Online: September 2020

DOI: 10.23943/princeton/9780691150772.001.0001

Show Summary Details
Page of

PRINTED FROM PRINCETON SCHOLARSHIP ONLINE (www.princeton.universitypressscholarship.com). (c) Copyright Princeton University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in PRSO for personal use.date: 29 July 2021

The Origins of the Business Corporation

The Origins of the Business Corporation

Chapter:
(p.251) 9 The Origins of the Business Corporation
Source:
Going the Distance
Author(s):

Ron Harris

Publisher:
Princeton University Press
DOI:10.23943/princeton/9780691150772.003.0010

This chapter explains why and how the corporation was transformed into a business corporation. It follows the early history of the corporation and examines how the corporation acquired attributes on separate legal personality and collective decision making, which were familiar to Edward Coke and his contemporaries. The chapter argues that the years around 1600 constitute an organizational revolution. It explains why European corporations were transformed around 1600 from public entities into joint-stock, for-profit entities and why this occurred in Northwest Europe and not elsewhere in Europe. The chapter also talks about why corporations were so suitable for long-distance trade that they rapidly took control of the Cape Route and rose to dominance in Eurasian trade as a whole, at the expense of family firms, merchant networks, and ruler-operated enterprises.

Keywords:   business corporation, Edward Coke, organizational revolution, joint-stock entities, for-profit entities, long-distance trade, ruler-operated enterprises, Eurasian trade, merchant networks

Princeton Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us.