A History of Corporate Finance / Edition 1by Jonathan Barron Baskin, Paul J. Miranti, Jr., Jr. Miranti
Pub. Date: 12/28/1999
Publisher: Cambridge University Press
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.
- Cambridge University Press
- Publication date:
- Historical Perspectives on Modern Economics Series
- Edition description:
- New Edition
- Product dimensions:
- 5.98(w) x 8.98(h) x 0.83(d)
Table of ContentsPreface; 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.
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