Information, institutions and agency: the crisis of railroad finance in the 1890s and the evolution of corporate oversight capabilities

Accounting History,  Jul 2005  by Chandar, Nandini,  Miranti, Paul J

• E-mail
• Print
• Link

Skowronek, S., (1982, 1984), Building a New American State: The Expansion of National Administrative Capacities, Cambridge [Cambridgeshire]; New York: Cambridge University Press, 1982.

Smith, A., (1776), An Inquiry into the Nature and Causes of the Wealth of Nations, Chicago: University of Chicago Press, 1976 [c1776].

Smykay, E.W., (1955), "The National Association of Railroad Utility Commissioners as the Originators and Promoters of Public Policy for Public Utilities", Ph.D. diss. University of Wisconsin.

Smyth v Ames, 169 US 466 (1898).

Thompson, G.L., (1989), "Misused Product Costing in the American Railroad Industry: Southern Pacific Passenger Service Between the Wars", Business History Review, Vol.63, Autumn, pp.510-54.

Trottman, N., (1923), History of the Union Pacific: A Financial and Economic Survey, New York: The Ronald Press Company.

Tufano, P., (1997), "Business Failure, Judicial Intervention, and Financial Innovation: Restructuring U.S. Railroads in the Nineteenth Century", Business History Review, Vol.71, Spring, pp. 1-40.

Watts, R.L. and Zimmerman, J.L., (1983), "Agency Problems, Auditing and the Theory of the Firm: Some Evidence", Journal of Law and Economics, Vol.26, No.4, pp.613-34.

Watts, R.L. and Zimmerman, J.L., (1986), Positive Accounting Theory, Englewood Cliffs, New Jersey: Prentice-Hall.

Whitely, R., (1986), "The Transformation of Business Finance into Financial Economies: The Roles of Academic Expansion and Changes in U.S. Capital Markets", Accounting, Organizations and Society, Vol.11, No.2, pp. 171-92.

Wilkins, M., (1989), The History of Foreign investment in the United States, Cambridge, Massachusetts: Harvard University Press.

Nandini Chandar

Drexel University

Paul J. Miranti

Rutgers Business School

Acknowledgements: This paper greatly benefited from the comments of participants in the 10th World Congress of Accounting Historians (August 2004), and of the two anonymous reviewers. An earlier version of this paper was presented at the Fini Comparative International Accounting History Research Consortium held at the University of Alabama in May 1999.

Address for correspondence: *

Paul J. Miranli*

Professor

Department of Accounting and Information Systems

Rutgers Business School - Newark and New Brunswick

Rutgers, The State University of New Jersey

AckersonHall 312

180 University Avenue

Newark NJ 07102

USA

Email: miranti@msn.com

Nandini Chandar

Assistant Professor

Department of Accounting

LeBow College of Business

Drexel University

Matheson Hall, Suite 400

3141 Chestnut Street

Philadelphia PA 19104-2875

USA

Telephone: +1 2158956982

Facsimile: +1 2158956279

Email: chandar@drexel.edu

Copyright Accounting History Special Interest Group of Accounting Association of Australia and New Zealand School of Accounting and Finance Jul 2005
Provided by ProQuest Information and Learning Company. All rights Reserved