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'Watchdogs or Apologists? Financial Journalism and Company Fraud in Early Victorian Britain'

Research output: Contribution to journalJournal article

Published

Journal publication date11/2012
JournalHistorical Research
Journal number230
Volume85
Number of pages21
Pages632-652
Early online date3/09/12
Original languageEnglish

Abstract

The market economy and the market for information developed in tandem in the nineteenth century but their relationship is imperfectly understood. This article explores the characteristics and role of early financial journalism through a case study of a major insurance company scandal in the eighteen-forties. Press reports both before and after the company’s collapse show that newspapers played a more active role in exposing and reporting fraud than has been argued. The case had important ramifications both for company law and for the future development of financial journalism, with willingness to expose fraud becoming central to financial journalists’ claims to legitimacy.