Graeme Acheson joined the school as a Professor of Finance in 2013. Graeme's research applies contemporary econometric techniques to historical settings. Much of his work examines how the evolving legal environment in nineteenth century Great Britain impacted on investor behaviour and governance structures in early British companies.
Addressing topics such as firm performance and banking crisis he has examined the impact of major financial events such as the failure of the City of Glasgow Bank in 1878. His current work focuses on the evolution of corporate law, in an attempt to better understand if private contracting acted as a substitute for mandatory shareholder protection.
Graeme’s research has been funded by bodies such as The Leverhulme Trust and The British Academy.
Economic History, Law and Finance, Corporate Governance, Banking & Investor Behaviour.
Acheson G, Campbell G & Turner JD (2017) Who Financed the Expansion of the Equity Market? Shareholder Clienteles in Victorian Britain. Business History, 59 (4), pp. 607-637. https://doi.org/10.1080/00076791.2016.1250744
Acheson G, Coyle C & Turner JD (2016) Happy Hour Followed by Hangover: Financing the UK Brewery Industry, 1880-1913. Business History, 58 (5), pp. 725-751. https://doi.org/10.1080/00076791.2015.1027693
Acheson G, Campbell G, Turner JD & Vanteeva N (2016) Corporate Ownership, Control, and Firm Performance: Evidence from a Nascent and Unregulated Market. Journal of Economic History, 76 (1), pp. 1-40. https://doi.org/10.1017/S0022050716000450
Acheson G, Campbell G & Turner JD (2015) Active Controllers or Wealthy Rentiers?: Large Shareholders in Victorian Public Companies. Business History Review, 89 (4), pp. 661-691. https://doi.org/10.1017/S0007680515001026
Acheson G, Turner JD & Ye Q (2012) The character and denomination of shares in the Victorian equity market. Economic History Review, 65 (3), pp. 862-886. https://doi.org/10.1111/j.1468-0289.2011.00618.x
Acheson G, Hickson CR & Turner JD (2011) Organisational flexibility and governance in a civil-law regime: Scottish partnership banks during the Industrial Revolution. Business History, 53 (4), pp. 505-529. https://doi.org/10.1080/00076791.2011.574690
Acheson G & Turner JD (2011) Investor behaviour in a nascent capital market: Scottish bank shareholders in the nineteenth century. Economic History Review, 64 (1), pp. 188-213. https://doi.org/10.1111/j.1468-0289.2010.00524.x
Acheson G, Hickson CR & Turner JD (2010) Does limited liability matter? Evidence from nineteenth-century British banking. Review of Law and Economics, 6 (2), pp. 247-273. https://doi.org/10.2202/1555-5879.1444
Acheson G & Turner JD (2008) The death blow to unlimited liability in Victorian Britain: The City of Glasgow failure. Explorations in Economic History, 45 (3), pp. 235-253. https://doi.org/10.1016/j.eeh.2007.10.001
Acheson G & Turner JD (2006) The impact of limited liability on ownership and control: Irish banking, 1877-1914. Economic History Review, 59 (2), pp. 320-346. https://doi.org/10.1111/j.1468-0289.2006.00348.x