Chapter 4

British Corporate Finance, 1500–1860

A.M. Carlos

University of Colorado, Boulder, CO, USA


In most economies, the process of economic growth and development leads to prosperity. Economic growth and development, in turn, require investment and therefore access to finance. Discussions about corporate finance revolve around the way financial decisions are made by business enterprises, specifically whether investment will be financed by equity, debt, or retained earnings of large corporations. Challenges to financing corporations ...

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