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

Matringe, Nadia

doi:10.1007/978-3-319-42076-9_10

Decision Taking, Confidence and Risk Management in Banks From Early Modernity to the 20th Century 2017

DOI: 10.1007/978-3-319-42076-9_10

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

Nadia Matringe

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2021

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Cited by 4 publications

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“…available to explain more of the business context, such as exist in many surviving Western archives (e.g. Fleischman et al 1995;Fleischman & Macve, 2002Matringe, 2016). Nor are there contemporary accounting manuals to give guidance (cf.…”

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confidence: 99%

The development of Chinese accounting and bookkeeping before 1850: insights from the Tŏng Tài Shēng business account books (1798–1850)

Yuan

Macve

2016

Accounting and Business Research

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Claims have repeatedly been made for the importance of double-entry bookkeeping ('DEB') for capitalism's development in the West, so it is valuable to explore the book-keeping and accounting practices of economically successful organizations elsewhere. Our paper reports our exploration into the original account books contained in the archive of Tŏng Tài Shēng ('TTS'), a substantial Chinese 'grocery / merchant-banking' business whose surviving books span a period from the late

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confidence: 99%

The development of Chinese accounting and bookkeeping before 1850: insights from the Tŏng Tài Shēng business account books (1798–1850)

Yuan

Macve

2016

Accounting and Business Research

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Rational Evolution or Socially Constructed Counter-Myth? Cross-Cultural Perceptions of the Development of Chinese Commercial Accounting Up to C.1850 and Its Significance

Hoskin

Macve

2016

SSRN Journal

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Pacioli's Lens: Through a Glass, Darkly

Macve

2021

Accounting Historians Journal

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It has long been argued that double-entry bookkeeping (‘DEB’) was important for enabling capitalism’s development in the West and heralded the beginning of ‘modern accounting’. However, these claims remain contested so it is important to understand the history of DEB’s emergence about 700 years ago and its underlying rationale. Sangster (2018a) [Pacioli's Lens: God, Humanism, Euclid, and the Rhetoric of Double Entry. The Accounting Review, 93(2): 299-314] argues that, in the first printed manual on DEB in 1494, Pacioli presented a novel ‘axiomatic’ approach to explaining DEB that requires a corresponding ‘paradigmatic shift’ in our appreciation of his contribution. This paper challenges Sangster’s interpretation of Pacioli’s mathematical contribution and calls for deeper understanding of the historical development of DEB in the West by comparison with accounting developments in the East.

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

Cited by 4 publications

References 11 publications

The development of Chinese accounting and bookkeeping before 1850: insights from the Tŏng Tài Shēng business account books (1798–1850)

The development of Chinese accounting and bookkeeping before 1850: insights from the Tŏng Tài Shēng business account books (1798–1850)

Rational Evolution or Socially Constructed Counter-Myth? Cross-Cultural Perceptions of the Development of Chinese Commercial Accounting Up to C.1850 and Its Significance

Pacioli's Lens: Through a Glass, Darkly

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