Sylla and Wright's statistics of new US special incorporations in 1790-1860 show that they exceeded those in France, Prussia and the UK, but the aggregate paid-up share capitals of extant companies were not so far apart in 1860. The UK continued to lead corporatisation, as measured by the ratio...

Because ownership was already more divorced from control in the largest stock market of 1911 (London) than in the largest stock market of 1995 (New York), the consequences for the economy, for good or ill, could have been considerable. Using a large sample of quoted companies with capital of £1...