The incidence and persistence of partnerships in a British industrial city : Glasgow, 1861-1881
Acheson, Graeme and McLaughlin, Eoin and Newton, Gill and Perriton, Linda (2024) The incidence and persistence of partnerships in a British industrial city : Glasgow, 1861-1881. Economic History Review. ISSN 0013-0117 (In Press) (https://doi.org/10.1111/ehr.13356)
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Abstract
This paper examines the prevalence of business partnerships in a late nineteenth century British city, using individual level data from Post Office directories and censuses. Focusing on Glasgow, we present a detailed picture of partnership number and type, demographic characteristics of the entrepreneurs who ran them, and how these businesses persisted over time. We show that partnerships were a key business grouping in the city, demonstrate that the partnership form was advantageous in manufacturing, and that the majority of partnerships were formed between individuals without family ties. Furthermore, we offer new insight into business longevity, showing that partnership business survival broadly matched corporate survival rates in this period, with persistence data also suggesting that kinship partnerships were better able to deal with the perceived hold-up problems associated with the partnership form.
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Item type: Article ID code: 89151 Dates: DateEvent11 April 2024Published11 April 2024AcceptedSubjects: Social Sciences > Economic History and Conditions Department: Strathclyde Business School > Accounting and Finance Depositing user: Pure Administrator Date deposited: 08 May 2024 09:30 Last modified: 08 May 2024 09:30 URI: https://strathprints.strath.ac.uk/id/eprint/89151