The History of Corporate Finance: Developments of Anglo-American Securities Markets, Financial Practices, Theories and Laws Vol 2

The History of Corporate Finance: Developments of Anglo-American Securities Markets, Financial Practices, Theories and Laws Vol 2

Author: Robert E Wright

Publisher: Routledge

Published: 2020-08-13

Total Pages: 356

ISBN-13: 1000161978

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This work contains primary research texts regarding two centuries of the development of corporate finance in the US and Great Britain. It is designed to help scholars, financial managers, and public policymakers to investigate the historical background of issues in contemporary corporate finance.


Industrial Finance, 1830-1914

Industrial Finance, 1830-1914

Author: P.L. Cottrell

Publisher: Routledge

Published: 2013-11-05

Total Pages: 317

ISBN-13: 1136597352

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The nineteenth century was a time of rapid change in forms of organization of economic activity. A central feature of such change was, inevitably, the development of new types of finance adapted to the radically new environment. An appreciation of the history of these developments makes a substantial contribution to the understanding of the growth and development of the British economy in one of its most dramatic phases. Philip Cottrell has written an impressively documented full-scale survey of this crucial period, discussing finance in the context of sweeping reforms of company law, unprecedented technological change and economic expansion, and the institutional effects of all of these. He is primarily concerned with English manufacturing industry but frequently refers, by way of comparison, to extractive industry, Scottish and Welsh developments and the economies of other West European countries. As well as providing a comprehensive overview, the book pays particular attention to coal, iron and textiles amongst the industries and, at the level of organization, to the emergence of the joint stock limited liability company and its gradual adoption by industrialists. The relationship between commercial banks and manufacturing receives detailed consideration and the role of internally accumulated funds and trade credit is discussed. this classic book was first published in 1980.


Creating Capitalism

Creating Capitalism

Author: James Taylor

Publisher: Boydell & Brewer Ltd

Published: 2014

Total Pages: 268

ISBN-13: 0861933230

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The growth of joint-stock business in Victorian Britain re-evaluated, showing in particular the resistance to it. Winner of the Economic History Society's Best First Monograph award 2009 The emergence of the joint-stock company in nineteenth-century Britain was a culture shock for many Victorians. Though the home of the industrialrevolution, the nation's economy was dominated by the private partnership, seen as the most efficient as well as the most ethical form of business organisation. The large, impersonal company and the rampant speculation it was thought to encourage were viewed with suspicion and downright hostility. This book argues that the existing historiography understates society's resistance to joint-stock enterprise; it employs an eclectic range of sources, fromnewspapers and parliamentary papers to cartoons, novels and plays, to unearth this forgotten economic debate. It explores how the legal system was gradually restructured to facilitate joint-stock enterprise, a process culminatingin the limited liability legislation of the mid-1850s. This has typically been interpreted as evidence for the emergence of new, positive attitudes to speculation and economic growth, but the book demonstrates how traditional outlooks continued to influence legislation, and the way in which economic reforms were driven by political agendas. It shows how debates on the economic culture of nineteenth-century Britain are strikingly relevant to current questions over the ethics of multinational corporations. James Taylor is Senior Lecturer in British History at Lancaster University.