Company financial history

Author: Xue Boying
Publisher:
Publish Date: 2002-02-19
Features: This book conducts research on the financing issues of large enterprises from the perspective of the historical development of corporate financial systems. The case studies include the Medici Bank, the East India Company, 19th-century railways, and diversified joint-stock companies. What role did institutions and systems play in the financing process? How did information asymmetry, the primary issue that creates conflicts of interest between corporate managers and investors, influence the formation of institutional measures in financial work? How did institutional and institutional innovations in finance affect corporate efficiency? These are the key questions addressed in this book. Authors Baskin and Miceli are renowned scholars in the field of financial history. Due to Baskin's early death, Miceli elaborates on Baskin's views in this book.