Summary of JOIE article (16(6), December 2020) by Abel Mawuko Agoba, Department of Banking and Finance, Central University, Tema, Ghana, Elikplimi Agbloyor, Department of Finance, University of Ghana Business School, Afua Agyapomaa Gyeke-Dako, Department of Finance, University of Ghana Business School, and Mac-Clara Acquah, Zenith University College, Trade Fair, Accra, Ghana. The full article is…
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Financial Institutions and the British Industrial Revolution: Did Financial underdevelopment hold back Growth?
Summary of JOIE article (17(3), June 2021) by Geoffrey M. Hodgson, Institute for International Management, Loughborough University London. The complete article is available on the JOIE website. This is a summary of an article that addresses the role of financial institutions in empowering the British Industrial Revolution. Prominent economic historians have argued that investment was largely…
On the Limits of Markets
Summary of JOIE article (First View, 04 August 2020) by Geoffrey M. Hodgson, Institute for International Management, Loughborough University London. The complete article is available on the JOIE website. This is a summary of a review essay of Markets without Limits by Jason Brennan and Peter M. Jaworski and of The Invisible Hand? by Bas van Bavel. In very…
Medieval Corporations, Membership and the Common Good: Rethinking the Critique of Shareholder Primacy
Summary of JOIE article (First View, 09 July 2019) by Samuel F. Mansell, School of Management, University of St Andrews, St Andrews, UK and Alejo José G. SISON, School of Economics and Business, Universidad de Navarra, Pamplona, Spain. This article appeared in the Symposium on Corporations edited by David Gindis. The complete article is available on the…
A New Understanding of the History of Limited Liability: An Invitation for Theoretical Reframing
Summary of JOIE article (First View, 08 June 2020) by Ron Harris, Kalman Lubowsky Chair of Law and History at Tel Aviv University School of Law. This article appeared in the Symposium on Corporations edited by David Gindis. The complete article is available on the JOIE website. In this paper, I investigate the historical development of limited liability…
The Anglo-American misconception of stockholders as ‘owners’ and ‘members’
Summary of JOIE article (First View, 07 October 2019) by David Ciepley, Associate Fellow, Institute for Advanced Studies in Culture, University of Virginia, Virginia. This article appeared in the Symposium on Corporations edited by David Gindis. The complete article is available on the JOIE website. This article critiques the notions, deeply rooted in Anglo-American treatments of the business corporation,…
Ernst Freund as precursor of the rational study of corporate law
Summary of JOIE article (First View, 07 December 2017) by David Gindis, Senior Lecturer in Economics, University of Hertfordshire. This article appeared in the Symposium on Corporations edited by David Gindis.The complete article is available on the JOIE website. Until recently, the legal personality or legal entity status ascribed by law to firms and similar organization played little…
The limits and perils of the dichotomous private-public taxonomy
Summary of JOIE article (First View, 7 August 2020) by Veeshan Rayamajhee, Assistant Professor of economics at North Dakota State University, USA and Pablo Paniagua, PhD candidate at King’s College London and Senior Researcher at Fundación Para el Progreso, Santiago, Chile. The complete article is available on the JOIE website. In her 2009 Nobel lecture, Elinor…
Institutions, the social capital structure, and multilevel marketing companies
Summary of JOIE article (First View, 14 July 2020) by Jordan K. Lofthouse, The Mercatus Center at George Mason University and Virgil Henry Storr, Department of Economics, George Mason University. The complete article is available on the JOIE website. In multilevel marketing companies (MLMs), also known as network marketing or direct selling, member-distributors earn income…
Blockchain and institutional complexity: an extended institutional approach
Summary of JOIE article (First View, 16 June 2020) by Danil Frolov, Faculty of Economics and Management, Volgograd State Technical University. The complete article is available on the JOIE website. Blockchain is a digital technology for maintaining a replicated distributed ledger. It ensures the implementation of transactions in a digital format without the involvement of…