Equity Capital
Routledge (Verlag)
978-1-138-81993-1 (ISBN)
The first part of this book examines the rudimentary commercial ventures that characterized trading for profit from ancient times until the contributions of the medieval scholastics that affirmed the moral value of equity capital. The second part deals with the evolution of equity capital organization used in seaborne trade of the medieval and Renaissance Italian city states and in the early colonization ventures of western European powers and ends with the emergence in the market for tradeable equity capital shares during the 17th century. The third part begins with the 1719-1720 Mississippi scheme and South Sea bubbles in northern Europe and continues to cover the transition from joint stock companies to limited liability corporations with autonomous shares in England, America and France during the 19th century. This part ends with a fundamental transition in the social conception of equity capital from a concern with equity capital organization to the problem of determining value. The final part is concerned with the evolving valuation and management of equity capital from the 1920s to the present. This period includes the improvement corporate accounting for publicly traded shares engendered by the Great Depression that has facilitated the use of ‘value investing’ techniques and the conflicting emergence of portfolio management methods of modern Finance.
Equity Capital is aimed at providing material relevant for academic presentations of equity valuation history and methods, and is targeted at researchers, academics, students and professionals alike.
Geoffrey Poitras is a Professor of Finance at Simon Fraser University, Canada.
Part 1: Equity Capital Prior to Joint Stock Companies 1.1 Etymology and Concepts of Law 1.2 Equity Shares in Antiquity 1.3 Societas, Usury and Risk Part 2: From Commenda to Joint Stock Company 2.1 Evolution of Accounting and Commercial Arithmetic 2.2 Characteristics of Early Joint Stocks Companies 2.3 Early Markets for Trading in Shares Part 3: The Rising of Limited Liability Corporations 3.1 Mania, Manipulation and Joint Stock Valuation 3.2 Joint Stock, Limited Liability and Incorporation 3.3 Stocks, Shares and the Science of Investments Part 4: Conceiving Modern Equity Capital 4.1 Equity Security Regulation and the Crash of 1929 4.2 The Separation of Ownership and Control
Erscheint lt. Verlag | 9.5.2016 |
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Reihe/Serie | Routledge International Studies in Business History |
Zusatzinfo | 35 Tables, black and white; 13 Line drawings, black and white; 27 Illustrations, black and white |
Verlagsort | London |
Sprache | englisch |
Maße | 152 x 229 mm |
Gewicht | 929 g |
Themenwelt | Geschichte ► Teilgebiete der Geschichte ► Wirtschaftsgeschichte |
Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung | |
Wirtschaft ► Betriebswirtschaft / Management ► Rechnungswesen / Bilanzen | |
Wirtschaft ► Betriebswirtschaft / Management ► Unternehmensführung / Management | |
Wirtschaft ► Volkswirtschaftslehre ► Finanzwissenschaft | |
ISBN-10 | 1-138-81993-X / 113881993X |
ISBN-13 | 978-1-138-81993-1 / 9781138819931 |
Zustand | Neuware |
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