dc.creator | Kyriazis, N. | en |
dc.creator | Metaxas, T. | en |
dc.date.accessioned | 2015-11-23T10:37:19Z | |
dc.date.available | 2015-11-23T10:37:19Z | |
dc.date.issued | 2011 | |
dc.identifier | 10.1080/00076791.2011.565513 | |
dc.identifier.issn | 0007-6791 | |
dc.identifier.uri | http://hdl.handle.net/11615/30127 | |
dc.description.abstract | This paper presents a model of path dependence and change and focuses on the gaining of new institutional knowledge. The main thesis is that in 'extraordinary' historical situations the possibility of change increases as a result of external pressure and successful adaptation to it. The model is tested applying it to the case study of seventeenth-century United Provinces (Dutch Republic). Such a situation existed in the sixteenth-seventeenth-century United Provinces, due to their uprising against Spanish rule. Because there existed no strong central authority, the decision-makers had to develop new institutions in order to successfully capture the lucrative spice trade from their enemies. The solution was the joint-stock company, which, through the phases of a continuous decision-making procedure, developed into the 'permanent' Dutch East India Company (VOC) in parallel also to the development of the Amsterdam Stock Exchange. | en |
dc.source | Business History | en |
dc.source.uri | <Go to ISI>://WOS:000293191100005 | |
dc.subject | path dependence and change | en |
dc.subject | institutions | en |
dc.subject | joint-stock companies | en |
dc.subject | sixteenth-seventeenth century | en |
dc.subject | United Provinces (Dutch Republic) | en |
dc.subject | VOC | en |
dc.subject | GOVERNANCE | en |
dc.subject | MARKET | en |
dc.subject | Business | en |
dc.subject | History Of Social Sciences | en |
dc.title | Path dependence, change and the emergence of the first joint-stock companies | en |
dc.type | journalArticle | en |