Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
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TY - JOUR
T1 - Watchdogs or apologists? Financial journalism and company fraud in early Victorian Britain
AU - Taylor, James
PY - 2012/11
Y1 - 2012/11
N2 - 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.
AB - 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.
U2 - 10.1111/j.1468-2281.2012.00606.x
DO - 10.1111/j.1468-2281.2012.00606.x
M3 - Journal article
VL - 85
SP - 632
EP - 652
JO - Historical Research
JF - Historical Research
SN - 0950-3471
IS - 230
ER -