A History of Corporate Finance

AvJonathan Barron Baskin,Paul J. Miranti, Jr

Häftad, Engelska, 1999

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Beskrivning

This study focuses on the role of institutions and organisations in the historical development of corporate finance. The book provides an overview of the evolution of practice in this field 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 advancing finance theory. Additionally, the epilogue defines 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.

Produktinformation

Utgivningsdatum:1999-12-28
Mått:150 x 228 x 24 mm
Vikt:495 g
Format:Häftad
Språk:Engelska
Antal sidor:364
Förlag:Cambridge University Press
ISBN:9780521655361

Utforska kategorier

Ekonomisk historia inom Ekonomi och Ledarskap

Recensioner i media

'A History of Corporate Finance by Baskin and Miranti provides a panoramic account of the evolution of financial organizations and practices from ancient time through the present. It also compares these organizations and practices with the assumptions and conclusions of contemporary financial theories. It is must reading for both history buffs and for students, scholars, and practitioners of financial theory.' Harry Markowitz, 1990 Winner of the Nobel Prize in Economics

Innehållsförteckning

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.