The development of the corporation in England, with emphasis on limited liability

Traces the evolution of the corporation in England, from Greco-Roman times to the Joint Companies Act of 1862. The evolution suggests a supply of the corporate form that responded to the demands of the marketplace. With the growing specialization of labour in the markets, the corporate form came to...

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Bibliographic Details
Published in:International journal of social economics 1995-01, Vol.22 (4), p.20-32
Main Authors: Gillman, Max, Eade, Tim
Format: Article
Language:English
Subjects:
Business organization
Commercial law
Companies
Corporation law
Corporations
Development
England
Entrepreneurship
History
Laws, regulations and rules
Liability
Limited liability
Limited liability companies
Social economics
Theory
United Kingdom
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Summary:Traces the evolution of the corporation in England, from Greco-Roman times to the Joint Companies Act of 1862. The evolution suggests a supply of the corporate form that responded to the demands of the marketplace. With the growing specialization of labour in the markets, the corporate form came to be more specialized itself, ending with the enactment of universally available limited liability incorporation.
ISSN:0306-8293
1758-6712
DOI:10.1108/03068299510084582