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 insi…
Cover -- Title -- Copyright -- Contents -- Preface -- Prologue -- Part I Equity Capital Prior to Joint-Stock Companies -- 1 Etymology and Legal Concepts -- 2 Equity Shares in Antiquity -- 3 Societas, Usury and Risk -- Part II From Commenda to Joint-Stock Company -- 4 The Evoluti…
This book provides a comprehensive and rigorous treatment of academic and practitioner approaches to equity security valuation. Guided by historical and philosophical insights, conventional academic wisdom surrounding the ergodic properties of stochastic processes is challenged.…
