The British corporate network, 1904-1976: Revisiting the finance-industry relationship

The relationship between finance and industry in Britain has received substantial attention, largely focusing on the role played by clearing banks as lenders to industry. This article, through the use of a unique dataset detailing the composition of the British corporate network, aims to investigate...

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Bibliographic Details
Published in:	Business history 2018-08, Vol.60 (6), p.779-806
Main Authors:	Wilson, John F., Buchnea, Emily, Tilba, Anna
Format:	Article
Language:	eng
Subjects:	20th century banking Business Business ownership Clearing banks Corporate finance Corporate networks Density directors Finance Financial institutions financial sector industrial sector institutional investors Ownership
Online Access:	Get full text
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Summary:	The relationship between finance and industry in Britain has received substantial attention, largely focusing on the role played by clearing banks as lenders to industry. This article, through the use of a unique dataset detailing the composition of the British corporate network, aims to investigate the corporate connectivity of industry to banks but also, importantly, highlight the increasing presence of financial institutions other than banks in British business. Additionally, the position of these financial institutions within the network reflects the changes in patterns of ownership of British business through this period as institutional investors' share of British companies increased. This changing position is further articulated by an analysis of network density over the period, providing critical insights into wider patterns in British business between 1904 and 1976.
ISSN:	0007-6791 1743-7938