Pioneering Modern Corporate Governance: A View from London in 1900

摘要: Around 1900 Britain was exceptionally suited to pioneering large scale enterprises because of the precocious development its equity markets and London's experimentation with a more eclectic range corporate governance techniques than world's smaller less cosmopolitan financial centers. Information dissemination, incentives, reputation—developed by serendipitous mix legal compulsions flexible voluntarism—set scene for growth large, UK-based, national international corporations in twentieth century. ''The investment business is not us as well developed or understood it England.'' W. H. Lyon, Capitalization (Boston, 1913), 207.