Josephine Maltby
Professor of Accounting and Finance



I read Medieval and Modern Languages at Newnham College, Cambridge and then trained as a chartered accountant whilst working for Ernst & Young. Before joining the York Management School in September 2006 as Professor of Accounting and Finance, I was Professor of Financial Accounting at Sheffield University Management School.

Departmental roles

Head of Accounting and Finance Research Group



My main research interests are:

Women and wealth:

  • A team, including myself, Janette Rutterford, of the Open University, David Green of King’s College, London and Alastair Owens of Queen Mary, London received a grant of £250,000 from the ESRC to finance a project “Women Investors in England and Wales, 1870-1930”, running for 24 months from December 2005 and employing 4 research assistants, to investigate the significance of women’s investment, drawing upon wills/probate documentation and share registers in conjunction with Census data. See below for forthcoming publications based on our work, and look also at for details of our project, methodology and results.
  • An edited collection of papers on women and wealth based on the conference we organised at the end of the project will appear in early 2011.
  • With Linda Perriton of the York Management School and Katrina Honeyman of the School of History, University of Leeds, I was recently involved in organizing a workshop on Working-class women and savings. A website with a summary of the day’s presentations/discussion and news of other work in the area is available via this link. We are currently involved in collaborative work in this area and will be pleased to hear from others who share these interests.

The history of corporate governance: in particular

  • Corporate governance in the UK 1900-1930. This has been the subject of a project undertaken with Roger Lloyd-Jones, Myrddin Lewis and Mark Matthews of Sheffield Hallam University, and a book based on our research is due to appear in 2011.
  • The history of audit: I have contributed a chapter on this subject to the 2008 Routledge History of Accounting (eds. JR Edwards and S Walker).

I am interested in supervising research in any of the above areas and in any other aspects of accounting/business history and corporate governance.


Full publications list


(With David R. Green, Alastair Owens, and Janette Rutterford) ‘Introduction’, and (with J. Rutterford, S. Ainscough, C, van Mourik) 'The Evidence for "Democratisation" of Share Ownership in Great Britain in the Early Twentieth Century' in (David R. Green, Alastair Owens, Josephine Maltby  and Janette Rutterford (eds) ) Men, Women, and Money:  Perspectives on Gender, Wealth, and Investment 1850-1930 OUP 2011

(With Roger Lloyd-Jones, Mervyn Lewis, Mark Matthews) Personal Capitalism and Corporate Governance British Manufacturing in the First Half of the Twentieth Century Ashgate


"History of Auditing" in "The Routledge Companion to Accounting History" eds JR Edwards and S Walker Routledge 2009.


(With J Rutterford and Anne Laurence) "Editors' Introduction" (with J Rutterford) "Women and Wealth in the 19th century" (with J Rutterford) "Women and wealth in fiction in the long 19th century 1800-1914" all in Women and their money c.1700-c.1950: Essays on women and finance (PDF  , 202kb)‌ eds J Maltby, J Rutterford and Anne Laurence, Routledge 2008.


(With J. Rutterford) "The Widow, the Clergyman and the Reckless - Women Investors before 1914", in "Women and the Distribution of Wealth" eds Carmen Deere and Cheryl Doss, Routledge 2007

Articles in journals

Refereed contributions

‘To bind the humbler to the more influential and wealthy classes’. Reporting by savings banks in nineteenth century Britain, Accounting History Review  2012. 22 (3) 199-225

RUTTERFORD, J., GREEN, D. R., MALTBY, J. and OWENS, A. (2011), Who comprised the nation of shareholders? Gender and investment in Great Britain, c. 1870-1935. The Economic History Review, 64 (1): 157-187

(With Mathew Tsamenyi) ‘Narrative accounting disclosure: Its role in the gold mining industry on the Gold Coast 1900–1949’ Critical Perspectives on Accounting, 21 390–401, 2010.

(With David R. Green, Alastair Owens, and Janette Rutterford) 'Lives in the balance: Gender, age and assets in late nineteenth-century England and Wales' Continuity and Change 24 (2) pp.307-335 2009.

(With David R. Green, Alastair Owens, and Janette Rutterford) ''Researching shareholding and investment in England and Wales: approaches, sources and methods' Accounting History vol.14, no.3 pp.269-292 2009.

"There is no such thing as audit society", Ephemera,, volume 8(4): 388-398 2008.

(With J. Rutterford) "The nesting instinct": women and investment risk in a historical context Accounting History, 12 (3) pp. 305-327 2007.

(With J. Rutterford) “ ‘Frank must marry for money’: men, women and property in the Novels of Anthony Trollope” Accounting Historians Journal, 33 (2) pp.169-199 2006.

(With J. Rutterford) Editorial: Women, Accounting and Investment Accounting, Business and Financial History, 16 (2) pp.133-142, 2006.

(With R.Lloyd-Jones, M. J. Lewis, M. Matthews) “Corporate governance in a major British holding company: BSA in the inter-war years” Accounting, Business and Financial History, 16 (1) pp.69-98 2006.

(With J. Rutterford) “ ‘She possessed her own fortune’: women investors from the late nineteenth century to the early twentieth century” Business History, 48 (2) pp.220-253 2006.

 (With J. Rutterford) “‘The Widow, the Clergyman and the Reckless’ – Women Investors before 1914”, Feminist Economics, 12 (1/2) pp.111-138 2006.

“‘Showing a strong front’: corporate reporting and the business case in Britain 1914-1919”, Accounting Historians Journal, 32 (2) pp.145-172 2005.

(With Roger Lloyd-Jones, M.J.Lewis, Mark Matthews) “Control, conflict and concession: corporate governance at Birmingham Small Arms Ltd 1906-1933” Accounting Historians Journal, 32 (1) pp.149-184 2005.

“Hadfields Ltd: its annual general meetings 1900-1939 and their relevance for contemporary corporate social reporting” British Accounting Review, 36 (4), pp. 415-439 2004.

 (With Barbara Bush) “Taxation in West Africa : transforming the colonial subject into the ‘governable person’ Critical Perspectives in Accounting, 15 (1) pp. 5-34 2004.

“Second Thoughts About ‘Cases in Auditing’”, Accounting Education, 10 (4), pp. 421-428 2001

“The Origins of Prudence in Accounting” Critical Perspectives on Accounting, 11 (1) pp. 51-70 2000.

“Was the 1947 Companies Act a Response to a National Crisis?”, Accounting History, 5 (2) pp. 31-60 2000

(With R. Wilkinson) " UK Education & Corporate Governance: the Experience of UK Universities after 1985", in R. Wilkinson, J. Maltby and J-H. Lee (Eds.), Responses to Change: Some Key Issues for the Future of Korea , Sheffield University Management School , Sheffield , 2000.

“‘A Sort of Guide, Philosopher and Friend’: the rise of the professional auditor in Britain” Accounting, Business and Financial History, 9 (1) pp. 29-50, March 1999.

“Accounting does not ‘evolve’: a reply to Jones”, Accounting History, 4 (2) pp.87-100 1999.

(With S Bowden ), “‘More a national asset than an investor’s paradise’ Financial Management and the British Motor Corporation 1952-1968” Accounting, Business and Financial History, 8 (2) 1998, pp. 137-164.

“UK joint stock companies legislation 1844-1900: accounting publicity and mercantile caution”, Accounting History, 3 (1) pp. 9-32, May 1998.

(With R. Wilkinson) “Stakeholding and corporate governance in the UK” Politics, 18 (3) pp. 197-204, September 1998.

(With R Wilkinson) “Whither Stakeholding?” New Economy, 5 (2) pp. 114-118, June 1998.

(With R Wilkinson) “Corporate Governance, Stakeholding and Globalisation” Corporate Governance International, 1 (2) pp. 5-13, July 1998.

(With S Bowden ) “Under-performance, short-termism and corporate governance, the City and the British Motor Corporation 1952-1967” Financial History Review, 5 pp.179-201, November 1998.

“Accounting and the soul of the middle class: Gustav Freytag’s Soll und Haben, Accounting Organisations and Society, 22 (1) pp. 69-88, 1997.

“Setting its own standards and meeting those standards: Voluntarism versus regulation in environmental reporting” Business Strategy and the Environment, 6, pp. 83-92, May 1997.

(With R. Wilkinson), “UK Corporate Governance in Historical Perspective” Global Economic Review, 26 (3), pp.37-58, 1997.

“Not paying for our past”, Business Strategy and the Environment, 4, (2) pp.73-85, 1995 (reprinted in McDonagh P and Prothero A (eds) Green Management, a Reader, pp.291-313, Dryden Press 1997).

“Environmental audit: theory and practices”, Managerial Auditing Journal, 1 (8) pp 16-27, 1995

Non-refereed contributions

 “Over here and over there”, Accountancy, September 2002, p66.

(With R. Wilkinson), “Can UK learn the art of stakeholding?” Guardian, 7 February 1998.

“Framework for contaminated land”, Integrated Environmental Management, No. 37, pp. 17-18, March 1995.

“Environmental Reporting”, Integrated Environmental Management, No. 30, pp. 9-10, July 1994.

“Paying for our past”, Integrated Environmental Management, No. 30, pp. 15-16, July 1994.

(With Brian Underdown and Chris Jones) “Small Businesses, their Accountants and their Accounting Systems”, ICAEW Review of Current Research 1994.

“Back to contaminated land”, Integrated Environmental Management, No. 28, pp. 15-17, April 1994.

Environmental Reporting”, Integrated Environmental Management, Issue No.. 2, 1991.

“Environmental Reporting - The Case of Norsk Hydro”, Integrated Environmental Management, Issue No.3, 1991.

Chapters “Issues in Asset Valuation” and “Interpretation of Accounts” in Advanced Financial Accounting, P Taylor and B Underdown, Heinemann/ CIMA l990.

“Lessons learned in the Lower Don Valley ”, Accountancy, pp. 122-124, September l989

(With I Demirag), “Related parties - still in a muddle?” Career Accountant, pp.38-39, August l989.

(With I Demirag), “Is ED46 a way forward?” The Accountant, p. 24, July l989.

“Throw out the training contact”, Accountancy, pp. 19-20, October 1988.

“Translating true and fair across Europe ” (with E Grace), Accountancy Age, pp.16-17, 8 April 1988

Joining forces to give a truer and fairer view”, Accountancy Age, p. 25, 14 April 1988

“Is it possible to keep auditor independence?”, Accountancy Age, p. 18, 3 March 1988

Refereed conference proceedings

(With R Wilkinson & J H Lee) Proceedings of 11 th Korea/Britain Conference Sheffield University Management School, 2000.

(With R Wilkinson) “ UK Education & Corporate Governance: the experience of UK universities after 1985” in Proceedings of 11 th Korea/Britain Conference, Sheffield University Management School 2000.

Staff Photo, Professor Josephine Maltby 

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