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Substitutes for Legal Protection: Corporate Governance and Dividends in Victorian Britain
Companies in Victorian Britain operated in a laissez-faire legal environment from the perspective of outside investors, implying that such investors were not protected by the legal system. ThisExpand
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Managerial failure in mid-Victorian Britain?: Corporate expansion during a promotion boom
This article examines the mid-1840s expansion of the British railway network, which was associated with a large deterioration in shareholder value. Using a counterfactual approach and new data onExpand
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Corporate Ownership and Control in Victorian Britain
Using ownership and control data for 890 firm-years, this paper examines the concentration of capital and voting rights in British companies in the second half of the nineteenth century. We find thatExpand
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What Moved Share Prices in the Nineteenth�?Century London Stock Market?
Using a new weekly blue-chip index, this paper investigates the causes of stock price movements on the London market between 1823 and 1870. We find that economic fundamentals explain about 15 perExpand
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‘The Greatest Bubble in History’: Stock Prices during the British Railway Mania
Although the British Railway Mania has been described as one of the greatest bubbles in history, it has been largely neglected by academics. This paper attempts to redress this neglect by creating aExpand
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Corporate Ownership, Control, and Firm Performance in Victorian Britain
Scholars have long debated whether ownership matters for firm performance. The standard view regarding Victorian Britain is that family-controlled companies had a detrimental effect on performance.Expand
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Cross-Section of a 'Bubble': Stock Prices and Dividends during the British Railway Mania
Historical ‘bubbles’ are often attributed to mispricing, but the empirical analysis of such episodes has been limited. This paper examines a notable but academically neglected period, known as theExpand
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The Liquidity of the London Capital Markets, 1825–70†
This article examines the liquidity of the London capital markets in the decades following the liberalization of UK incorporation law. Using comprehensive stock and bond data, we calculate a measureExpand
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Active Controllers or Wealthy Rentiers? Large Shareholders in Victorian Public Companies
This article addresses the issue of whether large shareholders in Victorian public companies were active in the control of companies or were simply wealthy rentiers. Using ownership records for 890Expand
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07 Incidence of peri-opiate nausea and vomiting in the pre-Hospital setting: an intermediate analysis
Background Intravenous morphine is the preferred drug for the treatment of moderate to severe pain by paramedics. Nausea and vomiting are believed to be frequent side-effects and routineExpand
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