December 2014
Beginner
352 pages
13h 51m
English
Content preview from The Business Book
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IN CONTEXT
FOCUS
Financial strategy
KEY DATES
1288 The first recorded share certificate is issued to the Bishop of Vasteras in Sweden by Stora Enso, a pulp and paper company.
17th century The Dutch East India Company issues shares, heralding the emergence of organized share trading.
1940 Peter Drucker writes on the need for businesses to balance short-term dividends and long-term reinvestment.
1961 Modigliani and Miller claim that paying or retaining dividends does not affect a business’s long-term performance. Their seminal work is later disputed, with several studies showing that dividend increases boost a company’s share price.
After calculating the ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.