Joint stock company births in turbulent times: Greece, 1909-1929

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Οικονομικό Πανεπιστήμιο Αθηνών   

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ΠΥΞΙΔΑ   

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Joint stock company births in turbulent times: Greece, 1909-1929 (EN)

Pepelasis, Ioanna Sapfo (EN)
Aivalis, Konstantinos (EN)

Athens University of Economics and Business, Department of Economics (EL)

Text
NonPeerReviewed

2017-03-15 10:52:14
2025-03-26T19:39:30Z


On the basis of a new data base we map trends in the demography of incorporation(number of joint stock company births; total and median registered capital; andsectoral distribution) during 1909-1929, a turbulent phase of modern Greek history.The main findings are that:1. There was a cumulative take-off in incorporation. This ‘transcendence’ wastriggered by three factors: the political empowerment of the bourgeoisie; thelegal/institutional reforms which it initiated; and the substantial expansion inthe territory and population of Greece. The take-off phase was also interlinkedwith a quickening in industrialization, a pattern of synchronicity which has notbeen unique to Greece.2. During this take-off phase in incorporation there was ademocratization/popularization process at work as there was a sharp decreasein the median size of registered capital per start-up and the typical joint stockcompany came to ‘resemble’ partnership based/family firms.3. Manufacturing already from the 1910s became the number one activity ofjoint stock company start-ups. However, simultaneously, the nascent corporatesector showed a greater interest in the traditional segment of the economy, ascommerce and shipping became respectively its second and third mostimportant areas of activity. (EL)


Startups (EL)
Demography (EL)
Corporate sector (EL)
War (EL)
Political economy (EL)


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CC BY: Attribution alone 4.0




*Η εύρυθμη και αδιάλειπτη λειτουργία των διαδικτυακών διευθύνσεων των συλλογών (ψηφιακό αρχείο, καρτέλα τεκμηρίου στο αποθετήριο) είναι αποκλειστική ευθύνη των αντίστοιχων Φορέων περιεχομένου.