Location of Repository

Capital Ownership, Capital Structure and Capital Markets: Financial Constraints and the Decline of the Lancashire Cotton Textile Industry 1880-1965

By D. Higgins and S. Toms


The objective of this analysis is to provide a reinterpretation of the decline of the Lancashire cotton textile industry during the twentieth century. Its principal concerns are with the governance structure of the industry, the resultant capital structures of firms and the constraints thereby imposed on the activities of entrepreneurs. Its central thesis is that ownership of the industry, and the redistribution of ownership claims during booms and slumps, imposed pressures and constraints on decision-makers. These financial constraints dominated the strategic questions of re-equipment and modernisation

Year: 2001
OAI identifier: oai:eprints.whiterose.ac.uk:1424

Suggested articles


To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.