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描述
索引號Thomas, W. A., “An Intra-Empire Capital Transfer: the Shanghai Rubber Company Boom 1909-1912” (1998)
類型Journal article
作者Thomas, W. A.
題名“An Intra-Empire Capital Transfer: the Shanghai Rubber Company Boom 1909-1912”
年份1998
期刊Modern Asian Studies
卷數32
编号3
首頁739
尾頁760
語言English
主題History
關鍵字economy
摘要Capital flows in the Victorian empire were not simply from the metropole to the periphery, for as this study of the Shanghai Rubber Company illustrates, capital was also transferred from one colony to another, in this case from Shanghai to Malaysia. Between 1909 and 1914, the Shanghai Stock Exchange listed 39 rubber companies with paid-up capital amounting to nearly 2.4 million pounds. This compares quite favorably with the London Stock Exchange, where 145 companies were launched and 12.8 million pounds were raised. This is evidence of the ability of smaller colonial markets to raise capital quickly if the returns were sufficiently lucrative, and if, like Shanghai, there was an infrastructure in place which not only enabled capital to be mobilized but also provided access to overseas markets. Yet when the boom collapsed and share prices tumbled, the vulnerability of the Shanghai stock market became evident, forcing the stock exchange to make some reforms.
文件類型Print
572/883 results        
 
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