Networks and business development: Convict businesspeople in Australia, 1817-24

Leanne Johns*, Pierre van der Eng

*Corresponding author for this work

    Research output: Contribution to journalArticlepeer-review

    7 Citations (Scopus)

    Abstract

    This article uses social network analysis to examine accounting records in order to establish and analyse business relationships. It applies this methodology to accounting transactions recorded at Australia's first bank, the Bank of New South Wales (BNSW) in order to establish whether a business network existed among ex-convict businesspeople in Sydney during 1817-24. Uncertainty regarding distance from suppliers and credit facilities, lack of markets and business connections plus the social stigma of 'convictism' meant that it was difficult but not impossible for ex-convicts to establish businesses. The network among BNSW shareholders and depositors served the purpose of pooling of resources and information and alleviating uncertainty.

    Original languageEnglish
    Pages (from-to)812-833
    Number of pages22
    JournalBusiness History
    Volume52
    Issue number5
    DOIs
    Publication statusPublished - 2010

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