Jump to ContentJump to Main Navigation
Corporate Forms and Organizational Choice in International Insurance$
Users without a subscription are not able to see the full content.

Robin Pearson and Takau Yoneyama

Print publication date: 2015

Print ISBN-13: 9780198739005

Published to Oxford Scholarship Online: December 2015

DOI: 10.1093/acprof:oso/9780198739005.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 17 October 2019

Support for Mutual Insurance Companies during the Franco Dictatorship (1939–75)

Support for Mutual Insurance Companies during the Franco Dictatorship (1939–75)

(p.193) 9 Support for Mutual Insurance Companies during the Franco Dictatorship (1939–75)
Corporate Forms and Organizational Choice in International Insurance

Jerònia Pons Pons

Oxford University Press

This chapter examines the thesis that political ideologies can influence the organizational form of companies, in this case in Spanish insurance under the Franco dictatorship. The number of mutuals increased during the first decades of the regime until they accounted for over half of Spanish insurance companies by 1950. Government policy was able to influence the diffusion of mutualism through legislative and fiscal measures, sometimes, but not always, for political reasons. Insurance executives took advantage of the benefits of mutual organization and their preferential treatment to acquire shares and control joint-stock companies, in order to carry out insurance activities that could not be done through the mutual form of organization, or to defend their private interests. These activities explain the commitment of the senior executives of the largest mutuals to maintain the mutual system, as conversion into stock companies may have entailed a loss of their control and power.

Keywords:   mutualism, demutualization, Franco dictatorship, social insurance, industrial accidents

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 .