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2019
- ISIDORE Id: 10670/1.327344...
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Capitalization (Finance) Managerial finance Corporate financial management Financial management of corporations Financial management, Corporate Corporate finance Corporation finance Financial analysis of corporations Business finance Financial planning of corporationsCiter ce document
Jean Daviet, « The corporate finance function: an outline of its history », Entreprises et histoire, ID : 10670/1.327344...
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Corporate finance is central to the management of today’s firms. This can be negatively perceived by the public as it suggests that money dominates other aspects of business. Among scholars, the essence or the function of entrepreneurs remains a subject of debate. The objective of the article is to present the emergence of corporate finance from a historical perspective and to identify different stages in the process. Corporate finance has now entered a phase where there is a strong mathematical component and where highly technical skills are required. Nonetheless, the question of the purpose of the firm remains to be resolved and it is argued that an historical approach can enrich its understanding and encourage a more balanced view.
