Skip to main content
×
Home
    • Aa
    • Aa

Trust Company Failures and Institutional Change in New York, 1875–1925

  • BRADLEY A. HANSEN (a1)
Abstract

In the late nineteenth and early twentieth centuries, New York State trust companies were successful, grew quickly, and failed rarely. The few failures, however, played a leading role in shaping the rules that governed trust companies. Because trust company failures were consistently interpreted as isolated departures from the norm of conservative management, trust companies were able to continue to participate in the rule-making process. The institutions that evolved promoted financial stability by imposing the costs of failure on decision makers and discouraging risky behavior. These failures shed new light on the treatment of failure and the development of corporate governance and financial regulation in the United States

Copyright
Recommend this journal

Email your librarian or administrator to recommend adding this journal to your organisation's collection.

Enterprise & Society
  • ISSN: 1467-2227
  • EISSN: 1467-2235
  • URL: /core/journals/enterprise-and-society
Please enter your name
Please enter a valid email address
Who would you like to send this to? *
×

Metrics

Full text views

Total number of HTML views: 2
Total number of PDF views: 7 *
Loading metrics...

Abstract views

Total abstract views: 63 *
Loading metrics...

* Views captured on Cambridge Core between 7th August 2017 - 21st August 2017. This data will be updated every 24 hours.