Equity Capital: From Ancient Partnerships to Modern Exchange Traded Funds (Routledge International Studies in Business History) Book PDF, ePub eBook

Join our eBook service for unlimited books & audiobooks. Get a free 7 day subscription! ↓↓↓↓↓


Book Descriptions:

Capitalism is historically pervasive. Despite attempts through the centuries to suppress or control the private ownership of commercial assets, production and trade for profit has survived and, ultimately, flourished. Against this backdrop, accounting provides a fundamental insight: the ‘value’ of physical and intangible capital assets that are used in production is identically equal to the sum of the debt liabilities and equity capital that are used to finance those assets. In modern times, this appears as the balance sheet relationship. In determining the ‘value’ of items on the balance sheet, equity capital appears as a residual calculated as the difference between the ‘value’ of assets and liabilities. Through the centuries, the organization of capitalist activities has changed considerably, dramatically impacting the methods used to value, trade and organize equity capital. To reflect these changes, this book is divided into four parts that roughly correspond to major historical changes in equity capital organization.

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.

Equity Capital: From Ancient Partnerships to Modern Exchange Traded Funds (Routledge International Studies in Business History) by Geoffrey Poitras

From reader reviews:

Thomas Britton:

Inside other case, little persons like to read book Equity Capital: From Ancient Partnerships to Modern Exchange Traded Funds (Routledge International Studies in Business History). You can choose the best book if you want reading a book. So long as we know about how is important a book Equity Capital: From Ancient Partnerships to Modern Exchange Traded Funds (Routledge International Studies in Business History). You can add knowledge and of course you can around the world with a book. Absolutely right, because from book you can learn everything! From your country until finally foreign or abroad you will find yourself known. About simple issue until wonderful thing you may know that. In this era, we can easily open a book or even searching by internet device. It is called e-book. You need to use it when you feel bored to go to the library. Let's go through.

Edgar Villanueva:

Information is provisions for people to get better life, information nowadays can get by anyone on everywhere. The information can be a know-how or any news even restricted. What people must be consider if those information which is inside the former life are challenging to be find than now is taking seriously which one is suitable to believe or which one the actual resource are convinced. If you get the unstable resource then you have it as your main information it will have huge disadvantage for you. All of those possibilities will not happen inside you if you take Equity Capital: From Ancient Partnerships to Modern Exchange Traded Funds (Routledge International Studies in Business History) as your daily resource information.

Anthony Perez:

This book untitled Equity Capital: From Ancient Partnerships to Modern Exchange Traded Funds (Routledge International Studies in Business History) to be one of several books that will best seller in this year, that is because when you read this guide you can get a lot of benefit onto it. You will easily to buy this kind of book in the book retailer or you can order it by way of online. The publisher in this book sells the e-book too. It makes you quicker to read this book, since you can read this book in your Mobile phone. So there is no reason to your account to past this book from your list.

Dina Hirsch:

Your reading sixth sense will not betray you actually, why because this Equity Capital: From Ancient Partnerships to Modern Exchange Traded Funds (Routledge International Studies in Business History) publication written by well-known writer we are excited for well how to make book that could be understand by anyone who else read the book. Written throughout good manner for you, leaking every ideas and publishing skill only for eliminate your personal hunger then you still question Equity Capital: From Ancient Partnerships to Modern Exchange Traded Funds (Routledge International Studies in Business History) as good book but not only by the cover but also from the content. This is one e-book that can break don't ascertain book by its cover, so do you still needing one more sixth sense to pick that!? Oh come on your looking at sixth sense already said so why you have to listening to yet another sixth sense.