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Technological change and the governance of joint-stock enterprise in the early nineteenth century: the case of Scottish coastal shipping

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Technological change and the governance of joint-stock enterprise in the early nineteenth century : the case of Scottish coastal shipping. / Freeman, Mark; Pearson, Robin; Taylor, James.

In: Business History, Vol. 49, No. 5, 09.2007, p. 573-594.

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@article{59fdc832787a4acbbf1ff95a9b9782eb,
title = "Technological change and the governance of joint-stock enterprise in the early nineteenth century: the case of Scottish coastal shipping",
abstract = "Recent studies of the innovation process have viewed it as the outcome of organizational dynamics rather than as the product of technological developments exogenous to the governance of firms. We apply this approach to our examination of British coastal shipping companies during the early nineteenth century as they grappled with the problem of making a successful transition from sail to steam technology. Within the industry there were contrasting responses to this transition, but also common elements in the decision-making process. Before the 1840s, there remained a widespread assumption of shareholder involvement in this sector as in others. The evidence suggests that shipping company directors were generally able to determine resource-allocation decisions, but not without first taking into account governance relations.",
keywords = "Corporate Governance, Shipping, Nineteenth Century, Technology, Shareholders, Steamships, Joint-Stock Companies",
author = "Mark Freeman and Robin Pearson and James Taylor",
year = "2007",
month = sep,
doi = "10.1080/00076790701427630",
language = "English",
volume = "49",
pages = "573--594",
journal = "Business History",
issn = "0007-6791",
publisher = "Taylor and Francis Ltd.",
number = "5",

}

RIS

TY - JOUR

T1 - Technological change and the governance of joint-stock enterprise in the early nineteenth century

T2 - the case of Scottish coastal shipping

AU - Freeman, Mark

AU - Pearson, Robin

AU - Taylor, James

PY - 2007/9

Y1 - 2007/9

N2 - Recent studies of the innovation process have viewed it as the outcome of organizational dynamics rather than as the product of technological developments exogenous to the governance of firms. We apply this approach to our examination of British coastal shipping companies during the early nineteenth century as they grappled with the problem of making a successful transition from sail to steam technology. Within the industry there were contrasting responses to this transition, but also common elements in the decision-making process. Before the 1840s, there remained a widespread assumption of shareholder involvement in this sector as in others. The evidence suggests that shipping company directors were generally able to determine resource-allocation decisions, but not without first taking into account governance relations.

AB - Recent studies of the innovation process have viewed it as the outcome of organizational dynamics rather than as the product of technological developments exogenous to the governance of firms. We apply this approach to our examination of British coastal shipping companies during the early nineteenth century as they grappled with the problem of making a successful transition from sail to steam technology. Within the industry there were contrasting responses to this transition, but also common elements in the decision-making process. Before the 1840s, there remained a widespread assumption of shareholder involvement in this sector as in others. The evidence suggests that shipping company directors were generally able to determine resource-allocation decisions, but not without first taking into account governance relations.

KW - Corporate Governance

KW - Shipping

KW - Nineteenth Century

KW - Technology

KW - Shareholders

KW - Steamships

KW - Joint-Stock Companies

U2 - 10.1080/00076790701427630

DO - 10.1080/00076790701427630

M3 - Journal article

VL - 49

SP - 573

EP - 594

JO - Business History

JF - Business History

SN - 0007-6791

IS - 5

ER -