Advanced search
Publication Cover
Business History Latest Articles
Submit an article Journal homepage
184
Views
0
CrossRef citations to date
0
Altmetric
Research Article

Share ownership and the introduction of no liability legislation in nineteenth-century Australia

Grant Fleminga Continuity Capital Partners, Canberra, AustraliaView further author information
,
Zhangxin (Frank) Liub Department of Accounting and Finance, University of Western Australia, Perth, AustraliaORCID Iconhttps://orcid.org/0000-0001-9962-3854View further author information
ORCID Icon,
David Merrettc Department of Management and Marketing, University of Melbourne, Melbourne, AustraliaView further author information
&
Simon Villed School of Business, University of Wollongong, Wollongong, AustraliaCorrespondence[email protected]
View further author information
Received 16 Aug 2022, Accepted 24 Oct 2023, Published online: 29 Nov 2023

ReferencesGovernment Publications

  • Report from the Selection Committee on the Mining Companies Law Amendment Bill (2) together with The Proceedings of the Committee, Minutes of Evidence, and Appendices, 12 October 1871, Victorian Legislative Assembly.
  • An Act to limit the Liability of Mining Companies, 2nd June 1864, published as a Supplement to the Victorian Government Gazette, of Tuesday, 7th June 1871.
  • An Act for the Incorporation and Wind-up of Mining Companies, 23rd November 1871, published as a Supplement to the Victorian Government Gazette, of Friday, 24th November 1871.
  • Victorian Government Gazette, various issues.

Newspapers

Secondary sources

  • Acheson, G. G., Campbell, G., & Turner, J. D. (2017). Who financed the expansion of the equity market? Shareholder clienteles in Victorian Britain. Business History, 59(4), 607–637. https://doi.org/10.1080/00076791.2016.1250744
  • Acheson, G. G., Campbell, G., & Turner, J. D. (2019). Private contracting, law and finance. The Review of Financial Studies, 32(11), 4156–4195. https://doi.org/10.1093/rfs/hhz020
  • Acheson, G. G., Hickson, C. R., & Turner, J. D. (2010). Does limited liability matter: Evidence from nineteenth-century British banking. Review of Law & Economics, 6(2), 247–274. https://doi.org/10.2202/1555-5879.1444
  • Acheson, G. G., & Turner, J. (2008). The death blow to unlimited liability in Victorian Britain: The City of Glasgow failure. Explorations in Economic History, 45(3), 235–253. https://doi.org/10.1016/j.eeh.2007.10.001
  • Acheson, G. G., Turner, J. D., & Ye, Q. (2012). The character and denomination of shares in the Victorian equity market. The Economic History Review, 65(3), 862–886. https://doi.org/10.1111/j.1468-0289.2011.00618.x
  • Ashley, R. (2005). Mining the Victorian Government Gazette. A treatise upon the Ashley mining index: Mining companies applying for registration in Victoria 1860-1864. Journal of Australasian Mining History, 3, 205–211.
  • ASIC (2022) – Company Database. https://data.gov.au/data/dataset/7b8656f9-606d-4337-af29-66b89b2eeefb
  • Birrell, R. W. (1998). Staking a claim: Gold and the development of Victorian mining law. Melbourne University Press.
  • Blainey, G. (1963). The rush that never ended. A history of Australian mining. Melbourne University Press.
  • Blainey, G. (1970). A theory of mineral discovery: Australia in the nineteenth century. The Economic History Review, 23(2), 298–313.
  • Broadberry, S., & Irwin, D. A. (2007). Lost exceptionalism? Comparative income and productivity in Australia and the UK, 1861–1948. Economic Record, 83(262), 262–274. https://doi.org/10.1111/j.1475-4932.2007.00413.x
  • Butlin, M., Dixon, R., & Lloyd, P. J. (2015). Statistical appendix: Selected data series, 1800–2010. In S. Ville & G. Withers (Eds.), The Cambridge economic history of Australia (pp. 555–594). Cambridge University Press.
  • Butlin, N. G. (1964). Investment in Australian economic development, 1861–1900. Cambridge University Press.
  • Campbell, G., & Turner, J. (2012). Dispelling the myth of the naive investor during the British Railway Mania, 1845-1846. Business History Review, 86(1), 3–41. https://doi.org/10.1017/S0007680512000025
  • Chandler, A. D. (2009). Scale and scope: The dynamics of industrial capitalism. Harvard University Press.
  • Cheffins, B. R., Bank, S. A., & Wells, H. (2013). Questioning ‘law and finance’: US stock market development, 1930–70. Business History, 55(4), 601–619. https://doi.org/10.1080/00076791.2012.741974
  • De Lissa, A. (1894). Companies’ work and mining law in New South Wales and Victoria. George Robertson and Company.
  • Francis, R. (1993). The politics of work: Gender and labour in Victoria, 1880-1939. Cambridge University Press.
  • Gelderblom, O., De Jong, A., & Jonker, J. (2013). The formative years of the modern corporation: The Dutch East India Company VOC, 1602–1623. The Journal of Economic History, 73(4), 1050–1076. https://doi.org/10.1017/S0022050713000879
  • Griffen, C. (1972). Occupational mobility in nineteenth-century America: Problems and possibilities. Journal of Social History, 5(3), 310–330. https://doi.org/10.1353/jsh/5.3.310
  • Guinnane, T. W. (2021). Creating a new legal form: The GmbH. Business History Review, 95(1), 3–32. https://doi.org/10.1017/S0007680520000707
  • Guinnane, T., Harris, R., Lamoreaux, N. R., & Rosenthal, J. L. (2007). Putting the corporation in its place. Enterprise and Society, 8(3), 687–729. https://doi.org/10.1093/es/khm067
  • Hall, A. R. (1968). The stock exchange of Melbourne and the Victorian economy, 1852-1900. ANU Press.
  • Jackson, R. V. (1977). Australian economic development in the nineteenth century. ANU.
  • Jeffreys, J. B. (1946). The denomination and character of shares, 1855-1885. The Economic History Review, 16(1), 45–55.
  • Kalix, Z., Fraser, L. M., & Rawson, R. I. (1966). Australian mineral history: Production and trade, 1842-1964. Department of National Development.
  • Kenny, S., & Ogren, A. (2021). Unlimiting unlimited liability: Legal equality for Swedish banks with alternative shareholder liability regimes, 1897–1903. Business History Review, 95(2), 193–218. https://doi.org/10.1017/S0007680521000192
  • La Croix, S. J. (1992). Property rights and institutional change during Australia’s gold rush. Explorations in Economic History, 29(2), 204–227. https://doi.org/10.1016/0014-4983(92)90011-K
  • Lipton, P. (2007). A history of company law in colonial Australia: Economic development and legal evolution. Melbourne University Law Review, 31, 805–836.
  • Lipton, P. (2018). The introduction of limited liability into the English and Australian Colonial Companies Acts: Inevitable progression or chaotic history?. Melbourne University Law Review, 41(3), 1278–1323.
  • Maddock, R., & McLean, I. (1984). Supply-side shocks: The case of Australian gold. The Journal of Economic History, 44(4), 1047–1067. https://doi.org/10.1017/S0022050700033088
  • Madsen, J. (2015). Australian economic growth and its drivers since European settlement. In S. Ville & G. Withers (Eds.), The Cambridge economic history of Australia. Cambridge University Press.
  • McLean, I. W. (2013). Why Australia prospered: The shifting sources of economic growth. Princeton University Press.
  • McQueen, R. (1991). Limited liability company legislation – The Australian experience. Australian Journal of Corporate Law, 22, 22–54.
  • Merrett, D. T. (1997). Capital markets and capital formation in Australia, 1890–1945. Australian Economic History Review, 37(3), 181–201.
  • Merrett, D. T., & Seltzer, A. (2000). Work in the financial services industry and worker monitoring: A study of the Union Bank of Australia in the 1920s. Business History, 42(3), 133–152. https://doi.org/10.1080/00076790000000270
  • Merrett, D. T., & Ville, S. (2009). Financing growth: New issues by Australian firms, 1920–1939. Business History Review, 83(3), 563–589. https://doi.org/10.1017/S0007680500003007
  • Morris, R. D. (1997). The origins of the no-liability mining company and its accounting regulations. In T. E. Cooke & C. W. Nobes (Eds.), The development of accounting in an international context. A Festschrift in honour of R. H. Parker (pp. 90–121). Routledge.
  • Musacchio, A., & Turner, J. D. (2013). Does the law and finance hypothesis pass the test of history? Business History, 55(4), 524–542. https://doi.org/10.1080/00076791.2012.741976
  • Oskar, G. (2023). Assessable stock and the Comstock mining companies. Business History, 65(1), 157–185. https://doi.org/10.1080/00076791.2020.1807951
  • Panza, L., & Williamson, J. G. (2019). Australian squatters, convicts and capitalists: Dividing up a fast-growing fronter pie 1821-1871. The Economic History Review, 72(2), 568–594. https://doi.org/10.1111/ehr.12739
  • Quinn, W., & Turner, J. D. (2020). Boom and bust: A global history of financial bubbles. Cambridge University Press.
  • Rickard, J. (2017). Australia: A cultural history (3rd ed.). Monash University Publishing.
  • Salsbury, S., & Sweeney, K. (1988). The bull, the bear and the kangaroo: The history of the Sydney Stock Exchange. Allen & Unwin.
  • Turner, J. D. (2009). Wider share ownership? Investors in English and Welsh bank shares in the nineteenth century. The Economic History Review, 62(s1), 167–192. https://doi.org/10.1111/j.1468-0289.2009.00477.x
  • Van den Broek, D. (2011). Strapping as well as numerate: Occupational identity, masculinity and the aesthetic of nineteenth-century banking. Business History, 53(3), 289–301. https://doi.org/10.1080/00076791.2011.565509
  • Van Leeuwen, M. H. D., Maas, I., & Miles, A. (2004). Creating a historical international standard classification of occupations: An exercise in multinational interdisciplinary cooperation. Historical Methods, 37(4), 186–197. https://doi.org/10.3200/HMTS.37.4.186-197
  • Ville, S. (1998). Business development in colonial Australia. Australian Economic History Review, 38(1), 16–41. https://doi.org/10.1111/1467-8446.00023
  • Ville, S., & Merrett, D. (2020). Investing in a successful resource-based colonial economy: International business in Australia before World War One. Business History Review, 94(2), 321–346. https://doi.org/10.1017/S0007680520000264
  • Ville, S., & Wicken, O. (2013). The dynamics of resource-based economic development: Evidence from Australia and Norway. Industrial and Corporate Change, 22(5), 1341–1371. https://doi.org/10.1093/icc/dts040
  • Waugh, J. C. (1987). No liability companies in Victoria. Australian Mining and Petroleum Law Association Yearbook, 6, 30–53.

Related research

People also read lists articles that other readers of this article have read.

Recommended articles lists articles that we recommend and is powered by our AI driven recommendation engine.

Cited by lists all citing articles based on Crossref citations.
Articles with the Crossref icon will open in a new tab.