Simon Ville

The development of modern business

History and Theory of the Growth of the Firm Entrepreneurship and Management Information and Uncertainty Corporate Finance Labour Management Production Marketing Structure Inter-organisational Relations and Co-operative Structures International Business Government and Business Future Directions in Business History

Information and Uncertainty

Today, there is much speculation about the formidable opportunities and challenges presented by new communication technology. The internet is expected to cause national markets to become integrated into a global arena by lowering the cost and enhancing the speed of making transactions. At the same time, the ‘boundary units’ shown in Figure 1.4 are confronting a growing flood of information about environmental conditions. The need to process this data and make it accessible to decision-makers is compelling firms to invest in ‘knowledge-management’ systems and ‘intranets’. Moreover, the internet is spawning ‘virtual firms’ run by a core of entrepreneurial specialists linked by e-mail to knowledge workers who contract to perform specific tasks. What these unfolding trends reveal is that changes in communication technology have a direct impact on the institutional arrangements included in Figure 1.2. Simultaneously, they enlarge markets, increase the span of corporate control, and encourage the proliferation of cooperative structures.

The Development of Large Scale Enterprise in Australia, 1910–64

This essay explores the development of large scale enterprise in Australia, an economy in which resource industries were unusually important and with a very small domestic market. Using asset size as a yardstick, the authors construct a series of the 100 largest firms operating in the years 1910, 1930, 1952 and 1964. These lists allow the identification of firms by industry and whether they were foreign-owned. Cross-country comparisons are also made. Further, the authors discuss the more qualitative aspects of Australian large scale enterprise in the context of whether these firms approximated the competitive capitalism of the United States or the family capitalism of Britain. They concluded that Australian firms displayed little of the dynamism of the leading firms in the United States. Protectionist government policies explain part of this behavioural trait.

Rent Seeking or Market Strengthening? Industry Associations in New Zealand Wool Broking

This paper builds on recent conceptual work about associations that is drawn from the new institutional economics. It uses evidence from New Zealand wool broking to indicate the circumstances in which industry associations can operate effectively and in the broader public interest. Through their strong associative capacity and effective specialization of function, wool-broking industry associations developed flexible routines for managing wool auctions, mediated disputes, mitigated opportunism, addressed major market disruptions, and served as a communication channel with government. External pressures and monitoring from other business interests, governments, and a competitive wool market constrained rent-seeking behavior, preventing members from benefiting at the expense of others.

Enhancing industry association theory: a comparative business history contribution

Our comparative business historical examination of industry associations aims to enrich the under-theorized study of this distinctive type of meta-organization. We compare two New Zealand industry associations operating in the same supply chain but with differing degrees of associative capacity and types of external architecture. Our analysis of these associations builds on two strands of theory that rarely communicate with each other: New Institutional Economics (NIE) and Organizational–Institutional Theory (OIT). We demonstrate how NIE describes the structural potentialities for associational strength, while OIT addresses the relational context within associations. In turn, NIEs examination of external influences reinforces OIT suggestions that associations which are rich in social capital can become developmental in orientation. Our historical analysis supplies fresh theoretical insights into industry associations, thereby addressing conceptual issues of interest to management scholars who study bridging-type organizations. On this basis, we argue that business history and organization studies complement each other.

Industry Associations as Facilitators of Social Capital: the Establishment and Early Operations of the Melbourne Woolbrokers Association

Relocation of the selling of Australias wool clip from London to cities in Australia in the late nineteenth century led to the creation of wool selling industry associations, such as the Melbourne Woolbrokers Association (MWA). Highly successful in fostering competitive collaboration that improved market efficiency, the Association rested on the social capital brought to it and further developed by the participants, individuals with extensive connections in the pastoral, banking and transport industries. The collective social capital vested in the Association enabled the earning of economic rents, firstly from the high trust created through internal cohesion reinforced by formalised sanctions, and secondly from a capacity to span ‘structural holes’ between networks outside of the Association.

Business Development in Colonial Australia

We know little about business enterprises in colonial Australia. Existing case studies are analysed within the context of the established theoretical and international comparative literature on business history. Emphasis is placed upon the uncertainties caused by smallness and remoteness in the early decades, the opportunities of expansion in the middle of the century, and the challenges of economic crisis in the years leading up to Federation. Each period produced different types of strategies and structures from initial vertical integration, diversification, and networking, through to economies of scale, innovation, and internal hierarchies, and finally to collusion and incorporation.

I Was Only Nineteen, 45 Years Ago: What Can we Learn from Australia’s Conscription Lotteries?

The Australian conscription lotteries of 1965-1972 are a unique and underutilised resource for studying the effects of army service and veterans’ programs. Drawing on many data sources and 25 years of related US literature, we present a comprehensive analysis of this natural experiment, examining indicators of health, personal economic outcomes, family outcomes and educational attainment. We discuss the numerous potential mechanisms involved and the limitations of available data.

The Cambridge Economic History of Australia

Australias economic history is the story of the transformation of an indigenous economy and a small convict settlement into a nation of nearly 23 million people with advanced economic, social and political structures. It is a history of vast lands with rich, exploitable resources, of adversity in war, and of prosperity and nation building. It is also a history of human behaviour and the institutions created to harness and govern human endeavour. This account provides a systematic and comprehensive treatment of the nations economic foundations, growth, resilience and future, in an engaging, contemporary narrative. It examines key themes such as the centrality of land and its usage, the role of migrant human capital, the tension between development and the environment, and Australias interaction with the international economy. Written by a team of eminent economic historians, The Cambridge Economic History of Australia is the definitive study of Australias economic past and present.

Discipline-specific forecasting of research output in Australian universities

This article presents a cross-sectional model for forecasting research output across the Australian university system. It builds upon an existing literature that focuses either on institutional comparisons or studies of specific subjects, by providing discipline-specific results across all of the 10 major disciplinary areas as defined by Australias Department of Education, Science and Training. The model draws upon four (highly significant) discipline-specific explanatory variables; staff size, research expenditure, PhD completions and student–staff ratios to predict the output of refereed articles.