||||"Financial crises and stock market crashes are all over financial history. These episodes have already been described in great detail and yet they keep surprising us. This book deals with the underlying problem: the inherent difficulty of equity valu
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 f...
[PDF.be04] Equity Capital: From Ancient Partnerships to Modern Exchange Traded Funds (Routledge International Studies in Business History) Rating: 3.72 (595 Votes)
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