Articulo
The birth of joint stock companies in Chile, 1849-1875
Revista De Historia Industrial
Registro en:
1150161
1150161
Autor
Araya-Valenzuela, Roberto
Llorca-Jaña, Manuel Alberto
Institución
Resumen
This article deals with the emergence of joint stock companies (JSC) in Chile during the third quarter of the nineteenth century. We have built the first database related to JSC for this period, providing useful information about its demography. We found that: JSC funded the emergence of new key industries fostering economic growth; there was a high level of concentration in JSC ownership; most shareholders were Chilean, which means that the main investment projects in mining, banking and transport were funded with national capital; Chilean businessmen were active in mobilizing capital funds and adopting new technologies. The entrepreneurial spirit shown by local businessmen, be they miners, bankers, agriculturalists or traders, is undeniably present, in a transitional phase to capitalism. Keywords. Author Keywords:joint stock companies; nineteenth century; Chile; shareholders; economic elites