Gelderblom, O.; Jong, A. de; Jonker, J. - Erasmus Research Institute of Management (ERIM), ERIM … - 2010
The Dutch East India Company or VOC in 1602 showed many characteristics of modern corporations, including limited liability, freely transferable shares, and well-defined managerial functions. However, we challenge the notion of the VOC as the precursor of modern corporations to argue that the...