Choice of enterprise form: Spain, 1886-1936

Arbeitspapier

Economists have long neglected study of an important contractual decision, a firm's choice of legal form. Enterprise form shapes the relations among a firm's owners as well as many features of a firm's interactions with the rest of the economy. Using unusual firm-level data on Spain 1886-1936, we estimate nested logit models of the determinants of enterprise form choice. In 1919, Spain introduced a new enterprise form that compromised between partnerships and corporations, and displaced larger partnerships and smaller corporations. This Sociedad de Responsabilidad Limitada was especially important for small and median-sized enterprises whose owners were not related.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Economic Growth Center Discussion Paper ; No. 1049

Classification and Topics

• Classification: Wirtschaft ; Regulation and Business Law: General ; Economic History: Government, War, Law, International Relations, and Regulation: Europe: Pre-1913 ; Economic History: Government, War, Law, International Relations, and Regulation: Europe: 1913-
• Subject: Law and finance ; law and economics ; legal form of enterprise ; Spanish economic history ; limited partnership ; limited-liability company

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Guinnane, Timothy ; Martinez-Rodriguez, Susana
• Event: Veröffentlichung
• (who): Yale University, Economic Growth Center
• (where): New Haven, CT
• (when): 2015

Further information

• Handle: http://hdl.handle.net/10419/147533
• Last update: 10.03.2025, 11:45 AM CET