Título: Financial Management, 1880-1934( Foundations...
Condición del libro: As New
The growth in the scale and scope of business enterprises during the late 19th century and early 20th century, especially in the USA, brought with it an increasing complexity in financial management. As corporations and trusts replaced partnerships, financial management took offered on new importance. The parallel growth in capital markets and the development of new ranges of financial instruments offered companies more and better options for raising capital. Indeed, it could be argued that the rise of large national and international corporations during this time was at least as much the consequence of changes in financial structures and markets as it was of new technology and new methods of organization. Just as in the 18th century the easy availability of capital drove the Industrial Revolution in Britain, so a century later it helped push the USA and its large corporations into the position of leaders of the world economy, and turned Wall Street into the world's largest financial centre. This set looks at some of the developments during the period 1880-1934. It includes works on the newly-recognized discipline of "corporation finance" by pioneers in the field such as William Lough, Edward Meade and Charles Gertenberg. It also includes observations and comments on these changes by writers such as W.W. Fowler, E.L.S. Patterson and William Ripley. As with earlier collections in the series, the works reproduced here show how a new and more systematic approach to the problems of finance changed the nature of financial management and led to the growth of corporate finance as it is now known.About the Author:
Morgen Witzel is a Fellow of the Centre for Leadership Studies at the University of Exeter Business School. He is author of more than twenty books including the bestsellers Tata: The Evolution of a Corporate Brand and Doing Business in China, now in its third edition. His books have been translated into 11 languages. His articles have appeared in the Financial Times, the Los Angeles Times, the Toronto Globe and Mail, The Smart Manager, Financial World, and many others.
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