Convergent evolution towards the joint-stock company

被引：0
作者：
Le Bris, David [1 ]
Goetzmann, William N. [2 ]
Pouget, Sebastien [3 ,4 ]
机构：
[1] Univ Toulouse 1 Capitole, TBS Business Sch, Toulouse, France
[2] Yale Univ, Yale Sch Management, New Haven, CT USA
[3] Univ Toulouse Capitole, Toulouse Sch Econ, Toulouse, France
[4] Univ Toulouse Capitole, Toulouse Sch Management, Toulouse, France
来源：
BUSINESS HISTORY | 2025年
关键词：
Joint-stock company; convergent evolution; medieval business; business organisations; EAST-INDIA-COMPANY; BUSINESS HISTORY; LAW; ORIGINS; EMERGENCE; INSTITUTIONS; CORPORATION; CAPITALISM; TRADE;
D O I：
10.1080/00076791.2025.2478880
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The origin of the modern joint-stock company is typically traced to the concomitant appearance of large-scale maritime trading companies in England and the Netherlands in the early seventeenth century. Highlighting medieval cases in southern Europe, we claim that the joint-stock company emerged earlier in history. These prior appearances support the theory of convergent evolution towards the joint-stock company. We document alternative and largely independent developmental paths that suggest the joint-stock company can emerge in a variety of legal, political and socioeconomic contexts. This evidence has implications for identifying the necessary background underlying the emergence of the joint-stock company, and for the debate regarding the link between business institutions and economic growth.
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页数：26
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