nach oben

Erschienen in:

2017 | OriginalPaper | Buchkapitel

Social Capital Versus Commercial Profits: The Impact of Networks on Decision-Making in Early Modern Banks

verfasst von : Nadia Matringe

Erschienen in: Decision Taking, Confidence and Risk Management in Banks from Early Modernity to the 20th Century

Verlag: Springer International Publishing

Einloggen

Aktivieren Sie unsere intelligente Suche, um passende Fachinhalte oder Patente zu finden.

search-config

KI-gestützte Suche

Aus

Abstract

Historians and economists have generally emphasised the role of economic, political and institutional contexts (such as monetary trends, wars, forms of regulation, etc.) in the shaping of early modern business strategies. It appears, however, that an important social factor is often neglected in such analyses: networks. Based on the records of a major sixteenth-century merchant-banking firm (the Salviati), this paper highlights the central role of networks in decision-making processes, by showing how networks impacted on the notion of profit driving the economic action of early modern banks. This is manifest at three levels, namely (1) shaping of the accounting system; (2) fixing of interest rates in deposit and exchange transactions; and (3) regulation of opportunistic behaviour.

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

über 102.000 Bücher
über 537 Zeitschriften

aus folgenden Fachgebieten:

Automobil + Motoren
Bauwesen + Immobilien
Business IT + Informatik
Elektrotechnik + Elektronik
Energie + Nachhaltigkeit
Finance + Banking
Management + Führung
Marketing + Vertrieb
Maschinenbau + Werkstoffe
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Jetzt informieren

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

über 67.000 Bücher
über 340 Zeitschriften

aus folgenden Fachgebieten:

Bauwesen + Immobilien
Business IT + Informatik
Finance + Banking
Management + Führung
Marketing + Vertrieb
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Jetzt informieren

Vorheriges Kapitel Between Novelty and Fashion: Risk Management and the Adoption of Computers in Retail Banking

Nächstes Kapitel Risk Management, Credit and the Working of Merchants’ Networks in Early Modern Banking

Bland, A. E., Brown, P. A., & Tawney, R. H. (dir.). (1914). English economic history. Select documents. London: G. Bell & Sons.

Bourdieu, P. (1980). Le capital social. Actes de la recherche en sciences sociales, 31, 2–3.

Bratchel, M. E. (1978/1996). Italian merchant organization and business relationships in early tudor England. In: S. Subrahmanyam (Ed.), Merchant networks in the early modern world (pp. 1–28). Aldershot, Brookfield: Variorum.

Brésard, M. (1914). Les foires de Lyon aux XV ^e et XVI ^e siècles. Paris: A. Picard.

Brulez, W. (1959). De Firma della Faille en de internationale handel van vlaamse firma’s in de 16e eeuw. Bruxelles: Paleis der Academien.

Da Silva, J. G. (1956). Stratégie des affaires à Lisbonne entre 1595 et 1607. Lettres marchandes des Rodriguez d´Evora et Veiga. Paris: Sevpen.

Da Silva, J. G. (1959–1961). Marchandises et finances: lettres de Lisbonne, 1563–1578 (Vol. 3). Paris: Sevpen.

Denucé, J. (1934). Inventaire des Affaitadi, banquiers italiens à Anvers, de l’année 1568. Texte de l’inventaire dressé par Jean-Baptiste Affaitadi. Anvers: De Sikkel.

De Roover, R. (1953). L’Évolution de la Lettre de Change. Paris: Armand Colin.

De Roover, R. (1963). The rise and decline of the Medici Bank. Cambridge, MA: Harvard University Press.

Drelichman, M., & Voth, H.-J. (2014). Lending to the borrower from hell. In: Debts, taxes and default in the age of Philip II. Princeton: Princeton University Press.CrossRef

Febvre, L. (1956). Pour l’histoire d’un sentiment: le besoin de sécurité. Annales, Économie, Sociétés, Civilisations, 2, 244–247.

Gelderblom, O. (2013). Cities of commerce: The institutional foundations of international trade in the low countries, 1250–1650. Princeton: Princeton University Press.

Gervais, P. (2014). Why profit and loss didn’t matter: the historicized rationality of early modern merchant accounting. In: P. Gervais, Y. Lemarchand, & D. Margairaz (Eds.), Merchants and profits in the age of commerce, 1680–1830 (pp. 33–52). London: Pickering & Chatto.

Goldthwaite, R. (2009). The economy of renaissance florence. Baltimore: The John Hopkins University Press.

Gonthier, N. (1993). Délinquance, justice et société dans le Lyonnais médiéval, de la fin du XIII ^e siècle au début du XVI ^e siècle. Paris: Éditions Arguments.

Lane, F. C. (1945). Venture accounting in medieval business management. Bulletin of the Business Historical Society, 19(5), 164–173.

Lane, F. C. (1977). Double entry bookkeeping and resident merchants. Journal of European Economic History, 6(1), 177–191.

Lapeyre, H. (1955). Une famille de marchands, les Ruiz. Paris: Armand Colin.

Matringe, N. (2015). Credit reallocation and trade finance in the early modern age: The fair deposit. Data available at: https://hal.archives-ouvertes.fr/hal-01152952/document/ (accessed at 12 Dec 2015).

Matringe, N. (2016). La banque en Renaissance. Les Salviati et la place de Lyon au milieu du xvi ^e siècle. Rennes: Presses Universitaires de Rennes.

Melis, F. (1962). Aspetti della vita economica medievale. Studi nell’Archivio Datini di Prato. Florence: L. S. Olschki.

Melis, F. (1972). Documenti per la storia economica dei secoli XIII–XVI. Florence: L. S. Olschki.

Ogilvie, S. C. (2011). Institutions and European trade, merchant guilds, 1000–1800. Cambridge/New York/Melbourne: Cambridge University Press.

Robertson, J., & Funnell, W. (2012). The Dutch East-India Company and accounting for social capital at the dawn of modern capitalism 1602–1623. Accounting, Organizations and Society, 37, 342–360.

Roth, C. (1948/1990). Doña Gracia Nasi, trad. de l’anglais par C. Bonnafont. Paris: Liana Levi.

Ruiz Martín, F. (1965). Lettres marchandes échangées entre Florence et Medina del Campo. Paris: Sevpen.

Sombart, W. (1916/1953). Medieval and modern commercial enterprise. In: F. C. Lane & J. Riemersma (Eds.), Enterprise and secular change (pp. 25–40). Homewood: Richard D. Irwin.

Van der Wee, H. (1993). Antwerp and the new financial methods of the 16th and 17th centuries. In: H. Van der Wee (Ed.), The low countries in the early modern world (pp. 145–166). Aldershot: Variorum.

Vázquez de Prada, V. (1960). Lettres marchandes d’Anvers (Vol. 4). Paris: Sevpen.

Weber, M. (1947/1964). The theory of social and economic organization. London: Collier-Macmillan.

Winjum, J. O. (1971). Accounting and the rise of capitalism: An accountant’s view. Journal of Accounting Resarch, 9 (2), 333–350.CrossRef

Yamey, B. (1949). Bookkeeping and the rise of capitalism. The Economic History Review, New Series, 1(2/3), 99–113.CrossRef

Yamey, B. (1971). Accounting and the rise of capitalism: Further notes on a theme by Sombart. Journal of Accounting Research, 2 (2), 117–136.CrossRef

Titel: Social Capital Versus Commercial Profits: The Impact of Networks on Decision-Making in Early Modern Banks
verfasst von: Nadia Matringe
Verlag: Springer International Publishing
Buch: Decision Taking, Confidence and Risk Management in Banks from Early Modernity to the 20th Century
Print ISBN: 978-3-319-42075-2

Electronic ISBN: 978-3-319-42076-9

Copyright-Jahr: 2017
DOI: https://doi.org/10.1007/978-3-319-42076-9_10