Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

Financing in EuropeFinancing Trade Through Limited Partnerships: Evidence from Silk Firms in Eighteenth-Century Trentino

Financing in Europe: Financing Trade Through Limited Partnerships: Evidence from Silk Firms in... [Lorandini provides new evidence on the role of limited partnerships (società in accomandita) in the financing of early modern trade. By focusing on the case of silk merchants in eighteenth-century Trentino, she combines direct evidence from three partnership agreements with indirect evidence from the firms’ oblatorie, that is, circular letters filed with the Merchant Court in Bolzano which provide information on the partners involved in the business. Although the term accomandita is never mentioned, an accurate interpretation supports the contention that merchants frequently established limited partnerships, particularly with affluent patricians who benefitted as limited partners from the opportunity to constrain their risk within the limits of their stake. Hence, despite the absence of any formal regulation, the limited partnerships facilitated the mobilization of capital to finance a rapidly expanding trade.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Financing in EuropeFinancing Trade Through Limited Partnerships: Evidence from Silk Firms in Eighteenth-Century Trentino

Part of the Palgrave Studies in the History of Finance Book Series
Editors: Lorenzini, Marcella; Lorandini, Cinzia; Coffman, D'Maris
Lorandini, Cinzia
Financing in Europe — Feb 20, 2018
Download PDF
30 pages

Loading next page...
 
/lp/springer-journals/financing-in-europe-financing-trade-through-limited-partnerships-H5W09Pw0Pt

References (12)

Publisher
Springer International Publishing
Copyright
© The Editor(s) (if applicable) and The Author(s) 2018
ISBN
978-3-319-58492-8
Pages
75 –105
DOI
10.1007/978-3-319-58493-5_4
Publisher site
See Chapter on Publisher Site

Abstract

[Lorandini provides new evidence on the role of limited partnerships (società in accomandita) in the financing of early modern trade. By focusing on the case of silk merchants in eighteenth-century Trentino, she combines direct evidence from three partnership agreements with indirect evidence from the firms’ oblatorie, that is, circular letters filed with the Merchant Court in Bolzano which provide information on the partners involved in the business. Although the term accomandita is never mentioned, an accurate interpretation supports the contention that merchants frequently established limited partnerships, particularly with affluent patricians who benefitted as limited partners from the opportunity to constrain their risk within the limits of their stake. Hence, despite the absence of any formal regulation, the limited partnerships facilitated the mobilization of capital to finance a rapidly expanding trade.]

Published: Feb 20, 2018

There are no references for this article.