Jump to ContentJump to Main Navigation
Business, Race, and Politics in British India, c.
                        1850–1960$
Users without a subscription are not able to see the full content.

Maria Misra

Print publication date: 1999

Print ISBN-13: 9780198207115

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780198207115.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 06 July 2020

The Partnership Firm and its Critics

The Partnership Firm and its Critics

Chapter:
(p.66) (p.67) 2 The Partnership Firm and its Critics
Source:
Business, Race, and Politics in British India, c. 1850–1960
Author(s):

Maria Misra

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780198207115.003.0003

This chapter examines criticisms of the partnership firm, looking at the structure of the managing agency, sources of capital, internal organisation, and the managing companies. Evidence suggests that whatever the potential advantages of the managing agency system, they were never fully exploited. The chapter argues that by the inter-war period, the structure of these firms had begun to damage the profitability of the companies managed by the agencies, and undermined the future of the managing agencies. Despite its shortcomings, the managing agency system, based on the small private partnership firm, gave partners autonomy and status, and allowed them to resist the encroachments of the state, their employers, and shareholders. By the late 1930s the partnership structure of the agencies and the relationship between agencies and the managed firms, had become outmoded and contributed to the deterioration of its economic and political viability.

Keywords:   partnership firm, managing agency, capital, internal organisation

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .