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Trust, Reputation and Regulation: Securities Markets in Europe, the USA, and Japan Before 1914

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A History of Socially Responsible Business, c.1600–1950

Part of the book series: Palgrave Studies in the History of Finance ((PSHF))

Abstract

Large corporations listed on organised stock exchanges were already becoming the norm globally before 1914. National approaches to controlling and fostering them differed from the later “varieties of capitalism” characterisation and had implications for national innovative capabilities and securities market size. Relations between investors (principals) and corporate directors (their agents) were influenced by networks of trust, as well as regulation by governments and by private order institutions like stock exchanges and investment banks.

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  1. London School of Economics, Tokyo, Japan

    Leslie Hannah

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  1. School of History, University of Kent, Canterbury, United Kingdom

    William A Pettigrew

  2. Department of History, Wilfrid Laurier University, Waterloo, Ontario, Canada

    David Chan Smith

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Hannah, L. (2017). Trust, Reputation and Regulation: Securities Markets in Europe, the USA, and Japan Before 1914. In: Pettigrew, W., Smith, D. (eds) A History of Socially Responsible Business, c.1600–1950. Palgrave Studies in the History of Finance. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-60146-5_9

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