This paper presents a detailed historical account of the Bank of Twente (Twentsche Bankvereeniging), launched in 1861 and, for most of the subsequent decades, the largest, fastest-growing, and most profitable bank in the Netherlands. It follows the narrative analysis approach to illustrate that the circumscribed use of a limited partnership was rooted in the organizational form having a flaw of its own that, under particular circumstances, created serious agency costs. As the bank grew, so did the agency costs, finally forcing the bank to incorporate in 1917.

中文翻译：

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探索有限合伙制的局限性：1860年代至1920年代的特温特银行案

本文详细介绍了1861年成立的特温特银行（Twentsche Bankvereeniging）的历史帐户，在随后的几十年中，这是荷兰最大，增长最快，最赚钱的银行。它采用叙述性分析方法来说明有限合伙制的限制使用根植于组织形式，该组织形式自身存在缺陷，在特定情况下会产生严重的代理成本。随着银行的成长，代理费用也随之增加，最终迫使该银行于1917年成立。