Laws vs. contracts
legal origins, shareholder protections, and ownership concentration in Brazil, 1890-1950
by Aldo Musacchio
The early development of large multidivisional corporations in Latin America required much more than capable managers, new technologies, and large markets. Behind such corporations was a market for capital in which entrepreneurs had to attract investors to buy either debt or equity. This paper examines the investor protections included in corporate bylaws that enabled corporations in Brazil to attract investors in large numbers, thus generating a relatively low concentration of ownership and control in large firms before 1910.
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Laws vs. contracts: legal origins, shareholder protections, and ownership concentration in Brazil, 1890-1950
2008, Harvard Business School
in English
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"January 2008"--Publisher's web site.
Includes bibliographical references.
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- Created May 28, 2023
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| May 28, 2023 | Created by MARC Bot | Imported from harvard_bibliographic_metadata record |