作者：University of California System; University of California Davis; University of Bonn
作者：Yale University; University of Navarra; IESE Business School
摘要：We analyze patterns of informal information exchange by the English East India Company's captains to assess the role of relational and institutional governance systems and uncertainty in encouraging information exchange. Using archival data from the emerging early-modern global trade network, we show that uncertainty drove information exchange. Relational-based contract enforcement mechanisms such as small group exchange were largely absent, and increasing institutional strength was associated...
作者：Lund University; University of Gothenburg; Research Institute of Industrial Economics (IFN); Center for Economic & Policy Research (CEPR); IZA Institute Labor Economics
摘要：This article studies the long-run relationship between the capital share in national income and top personal income shares. Using a newly constructed historical cross-country database on capital shares and top income data, we find evidence on a strong, positive link that has grown stronger over the past century. The connection is stronger in Anglo-Saxon countries, in the very top of the distribution, when top capital incomes predominate, when using distributed top national income shares, and w...
作者：State University of New York (SUNY) System; Binghamton University, SUNY
作者：Open University - UK
摘要：This article investigates Victorian investor financial portfolio strategies in England and Wales during the second half of the nineteenth century. We find that investors held on average about half of their gross wealth in the form of four or five liquid financial securities, but were reluctant to adopt fully contemporary financial advice to invest equal amounts in securities or to spread risk across the globe. They generally held under-diversified portfolios and proximity to their investments ...
作者：University of California System; University of California Riverside
作者：United States Department of Defense; United States Navy; Naval Postgraduate School
