1989/09/01 by C. Grandy · 2 citations
Economics, Econometrics and Finance · Business, Management and Accounting · #Historical Economic and Social Studies #Corporate Finance and Governance #Economic Theory and Institutions
paper · doi:10.1017/s0022050700008810
openalex publication_date 1989/09/01 · openalex created_date 2025/10/10 · openalex updated_date 2026/05/21
New Jersey played a dominant role in the merger wave at the turn of the century. The state facilitated the rise of large firms by liberalizing its corporation law in exchange for incorporation fees and franchise taxes. This article suggests that chartermongering emerged from the U.S. federal political system and the economic structure of the state. Delaware became the preferred state of incorporation as New Jersey's economic structure changed.