Dutch Corporate Finance, 1602-1850

25 Pages Posted: 5 Jun 2013

See all articles by Abe de Jong

Abe de Jong

Rotterdam School of Management, Erasmus University; Monash University

Joost Jonker

Utrecht University

Ailsa Röell

Columbia University, School of International and Public Affairs

Date Written: June 4, 2013


Early Modern Dutch corporate finance had two notable features, a remarkable ease of raising large amounts of capital and a flexible legal framework. Having pioneered new corporate forms with two intercontinental trading companies, Dutch business adopted such forms on a wider scale only during the 18th century, when economic concentration and consolidation led to the appearance of business units large enough to need them. The financial intermediation and legal institutions available also facilitated early industrialization during the 19th century, up to and including the railways. The large export of capital throughout the period under consideration failed to harm economic development at any point or in any way.

Keywords: corporate finance

Suggested Citation

de Jong, Abe and Jonker, Joost and Röell, Ailsa A., Dutch Corporate Finance, 1602-1850 (June 4, 2013). ERIM Report Series Reference No. ERS-2013-008-F&A. Available at SSRN: https://ssrn.com/abstract=2274577

Abe De Jong (Contact Author)

Rotterdam School of Management, Erasmus University ( email )

P.O. Box 1738
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+31 10 408 1022 (Phone)

HOME PAGE: http://https://www.rsm.nl/people/abe-de-jong/

Monash University ( email )

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Room H3-56
Caulfield East, Victoria 3145

HOME PAGE: http://https://research.monash.edu/en/persons/abe-de-jong

Joost Jonker

Utrecht University ( email )

Vredenburg 138
Utrecht, 3511 BG

Ailsa A. Röell

Columbia University, School of International and Public Affairs ( email )

3022 Broadway
New York, NY 10027
United States
(212) 854-9289 (Phone)

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