An edition of Incentives in corporations (2004)

Incentives in corporations

evidence from the American whaling industry

Incentives in corporations
Eric Hilt, Eric Hilt
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Last edited by MARC Bot
December 13, 2020 | History
An edition of Incentives in corporations (2004)

Incentives in corporations

evidence from the American whaling industry

"In the 1830s, when whaling was a prosperous American industry, a number of whaling corporations were chartered. All of them were short-lived. This paper analyzes the failure of corporations in American whaling, and argues that the corporate form was unable to create the incentives requisite for success in the industry. Most nineteenth-century whaling ventures were owned by a small number of local investors, and were configured to provide powerful incentives for their managers. The effect of the corporate form on productivity is analyzed using a newly-collected panel dataset of 874 whaling voyages. Many whaling corporations were managed by individuals who had previously (or would subsequently) manage ventures with the usual ownership structure. Using an individual-fixed-effects framework, a strong negative effect of the corporate form on productivity is identified"--National Bureau of Economic Research web site.

Publish Date
Language
English

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Edition Availability
Cover of: Incentives in corporations
Incentives in corporations: evidence from the American whaling industry
2004, National Bureau of Economic Research
Electronic resource in English

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Book Details


Edition Notes

Also available in print.
Includes bibliographical references.
Title from PDF file as viewed on 1/13/2005.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.

Published in
Cambridge, MA
Series
NBER working paper series ;, working paper 10403, Working paper series (National Bureau of Economic Research : Online) ;, working paper no. 10403.

Classifications

Library of Congress
HB1

The Physical Object

Format
Electronic resource

ID Numbers

Open Library
OL3476246M
LCCN
2005615711

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December 13, 2020 Edited by MARC Bot import existing book
December 5, 2010 Edited by Open Library Bot Added subjects from MARC records.
December 10, 2009 Created by WorkBot add works page