“Giants of an Earlier Capitalism”: The Chartered Trading Companies as Modern Multinationals Journal Article uri icon



  • Much has been written about late-nineteenth-century multinationals and their relationship to the transnational firms of the present, but both historians and economists have largely discounted the relevance of the earlier chartered trading companies to this discussion. In an article emphasizing transaction cost analysis and the theory of the firm, Professors Carlos and Nicholas argue that the trading companies did meet the criteria of the modern MNE—the growth of a managerial hierarchy necessitated by a large volume of transactions and of systems to control those managers over space and time.

publication date

  • January 1, 1988

has restriction

  • closed

Date in CU Experts

  • June 30, 2014 9:53 AM

Full Author List

  • Carlos AM; Nicholas S

author count

  • 2

Other Profiles

International Standard Serial Number (ISSN)

  • 0007-6805

Electronic International Standard Serial Number (EISSN)

  • 2044-768X

Additional Document Info

start page

  • 398

end page

  • 419


  • 62


  • 3