Gerschenkron Redux? Analysing new evidence on joint-stock enterprise in pre-War Shanghai
Alexander Gerschenkron (1904–78) famously postulated that the more backward an economy was at the outset of industrialisation, the more reliant it would be on state-backed banks as a means of directing investment. Gerschenkron thereby implied that impersonal equity markets were likely to play a less...
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| Format: | Article |
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Wiley
2015
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| Online Access: | https://eprints.nottingham.ac.uk/28557/ |