Graeme G. Acheson

TL;DR: In this article, a new series of monthly equity returns for the British stock market for the period 1825-70 were presented, and the effect of survivorship bias on returns was taken into account.

TL;DR: This article examined the extent to which publicly traded company stocks in the nineteenth century had high share denomination and uncalled capital and analyzed the effect of these features on stock returns using monthly data for the London Stock Market over the period 1825-70.

TL;DR: This article examined the concentration of capital and voting rights in British companies in the second half of the nineteenth century, and found that ownership was separated from control in the UK much earlier than previously thought, and given that it occurred in an era with weak shareholder protection law, it undermines the influential law and finance hypothesis.

TL;DR: In this article, ownership records, trading data, and stock prices of the City of Glasgow Bank were used to investigate the causes of the failure of the bank, and found that the failure revealed the extent to which ownership had been diffused to investors of very modest means.

TL;DR: In this article, the authors suggest that the ability of Scottish partnership banks to separate ownership from control may have contributed to the relative stability of the banking system during the Industrial Revolution, which is similar to the French societe en commandite.