A History of Corporate Finance

ISBN-13: 9780521655361 / Angielski / Miękka / 1999 / 364 str.

Jonathan Baskin; Jr. Miranti; JR Paul J. Miranti

Opis

This study focuses on the role of institutions and organizations in the development of corporate finance from the Italian merchant banks of the Renaissance through the formation of conglomerates and leveraged-buy-out partnerships in contemporary Wall Street. It also puts forth a compelling argument for the closer integration of historical and quantitative research methodologies in financial theory. The epilogue contains an original algorithm that explains the relationship between the short-term, firm-specific factors and longer-term environmental elements that have shaped the historical development of finance.

Recenzje

'… this is a well-informed work, describing a series of coherent financial systems which constitutes an adequate introduction to the subject, albeit a conceptually restricted one.' Contemporary European History

Spis treści

Preface; 1. History and the modern theory of finance; 2. Medieval and Renaissance origins; 3. Corporate finance in an age of global exploration: trading companies and oceanic discovery, 1450–1720; 4. The emergence of public markets for investment securities, 1688–1815; 5. Finance in an age of canals and railroads, 1775–1900; 6. Common stock finance and the rise of managerial capitalism, 1900–1940; 7. The financing of center firms, 1940–1973; 8. Conglomerates and leveraged buy-out partnerships; Appendix one: Finance and informational asymmetries in the ancient world; Appendix two: International patterns of corporate governance; Epilogue.