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In the collective psyche, a financier is a capitalist. In managerial capitalism, the notion of the ‘manager'emerged, and the role of the manager was distinct from the role of the ‘owner'. Financial capitalism is similarly underpinned by financiers who are not the holders of the financial assets they buy, sell, trade or advise upon.Finance at Work explores the world of financiers, be they finance-oriented CEOs, CFOs, financial journalists, mergers and acquisitions'advisors or wealth managers. Part I investigates the professional trajectories of members of corporate boards and financialisation as the dissemination of financial logic outside its primary ‘iron cage'; Part II responds by studying financiers at work within financial occupations or financial operations involving external actors; while Part III pursues the issue of financial boundaries by seeking out the way financial logic crosses these boundaries. Part IV takes back the hypothesis of differentiations within finance presented in Part I, and analyses the internal boundaries of asset management, wealth management and leveraged buyout (LBO) acquisitions.This book is essential reading for researchers and academics within the field of finance who aim to understand the ‘spread of finance'in contemporary societies.

Investors are often looked upon as one homogeneous group of people with money ready to invest; however, this group is very diverse. In some ways, investors are like car buyers who seek common denominators in a car, such as the engine, wheels, brakes and seats, but the car they end up buying depends on personal preferences, needs and the money available. For investors the common denominator is the good business case, the ‘engine, wheels, brakes, seats'being a comprehensive business plan. However, which business case they will prefer in the end depends on their personal preference and financial capacity. How to Attract Investors takes the reader into the minds of the investors, addressing many of the challenges connected to investor search and negotiation and living with investors as co-owners. Even the finest skills of the brightest entrepreneurs wouldn't be complete without the knowledge of the investor's mind. This is the book that unravels it, layer by layer.

Il Volume dal titolo Principio capitalistico. Quo vadis? contiene contributi di alcuni dei più importanti giuscommercialisti italiani, dedicati alle recenti tendenze evolutive delle norme che ruotano intorno all'istituto del capitale sociale e al principio capitalistico. Il titolo del Volume Principio capitalistico. Quo vadis? evoca la tendenza, in atto negli ultimi anni a livello legislativo, ad un indebolimento del classico principio del diritto delle società di capitali che impone l'attribuzione dei diritti sociali (per es., il diritto di voto) su rigorosa base capitalistica. Il Volume si rivolge prioritariamente agli studiosi della materia del Diritto commerciale e societario, nonché a coloro che per ragioni professionali affrontano quotidianamente questioni connesse ai temi ivi trattati.Federico Briolini Il Volume è curato dal Prof. Federico Briolini, Ordinario di Diritto Commerciale nell'Università “G. d'Annunzio” di Chieti-Pescara, nonché Autore di diversi saggi in materia di Diritto Commerciale, comprese due monografie edite per i tipi di Giappichelli (I vincoli sui titoli di credito, 2002, e Le azioni “restitutorie” dei conferimenti in natura, 2008).

Activist investors have sent shockwaves through corporations in recent years, personally targeting directors and executives at some of the world's largest companies. No longer satisfied with operating on the fringes of business, they are now a firm fixture in the boardroom. Up to a quarter of public companies could be targeted by activist campaigns in the coming years, with directors and executives at those corporations threatened with losing their jobs. The trend, which began in corporate America, has spread to the UK, Europe and Asia, taking in several high profile companies. Barbarians in the Boardroom tells a compelling story of boardroom bust ups, dumped CEOs triumphant activists and pared back companies. It reveals real-life examples and interviews with executives and investors to explain why and how activist investors have managed to storm Wall Street and tear down City citadels. Owen Walker provides an insight into the way activists think, how they decide to target a company and how directors and executives could possibly work with them rather than against them. The full text downloaded to your computer With eBooks you can: search for key concepts, words and phrases make highlights and notes as you study share your notes with friends eBooks are downloaded to your computer and accessible either offline through the Bookshelf (available as a free download), available online and also via the iPad and Android apps. Upon purchase, you'll gain instant access to this eBook. Time limit The eBooks products do not have an expiry date. You will continue to access your digital ebook products whilst you have your Bookshelf installed.

Die globale Wirtschaftselite gibt es nicht Die internationale Superelite, die die Fäden zieht und von den Großkonzernen aus die Welt regiert, gibt es nicht. Michael Hartmann entzaubert einen Mythos: Der Elitenforscher hat sich die 1000 größten Unternehmen der Welt über 20 Jahre hinweg angesehen, ebenso wie die weltweit 1000 reichsten Personen. Das Ergebnis: Wirtschaftseliten rekrutieren sich eher national, der globale Markt für Topmanager ist eine Legende. Stattdessen leben wir in einer zunehmend multipolaren Welt, in der die Interessen der Länder und Regionen auseinanderfallen. So ist China in puncto Internationalität das Schlusslicht, die Schweiz ein Vorreiter. Hartmann zeigt, dass die Sprache, kulturelle Traditionen, Ausbildungswege und nicht zuletzt die Steuerpolitik für diese Entwicklung verantwortlich sind.

The Corporate Financiers is the fifth book in a series of discussions about the great minds in the history and theory of finance. While the series addresses the contributions of scholars in our understanding of modern finance, this volume presents the ways in which a corporation creates value. More than two centuries ago, Adam Smith explained the concept of division of labor and the efficiencies of specialization as the mechanism in which a firm creates value. However, corporations now find themselves outsourcing some processes to other firms as an alternative way to create value. There must be other economic forces at work than simply the internal efficiencies of a firm. We begin by describing the work of a rather obscure scholar named John Burr Williams who demonstrated in 1938 how the earnings of a firm are capitalized into corporate value through its stock price. We then delve into the inner workings of the modern corporation by describing the contributions of Nobel Memorial Prize winners Ronald Coase and Oliver Williamson. More than any others, these scholars created a renewed appreciation for our understanding of the institutional detail of the modern corporation in reducing costs and increasing efficiency. While Coase and Williamson provided meaningful descriptions of the advantage of a corporation, they did not offer prescriptions for the avenues the corporation can create more value in an era when new technologies make outsourcing and telecommuting increasingly possible. Michael Jensen and William Meckling describe in greater detail the nature of the implicit contracts a corporation employs, and recommend remedies to various problems that arise when the goals of the corporation are not aligned with the incentives of its agents. We also describe the further nuances to these relationships as offered by Armen Alchian and Harold Demsetz. We treat the lives of these extraordinary individuals who looked at a very familiar problem in a sufficiently novel light to change the way all look at corporations ever since. That is the test of genius.

Many business ventures today are looking to attract external financing, with an emphasis on business angel investment. Inside this text, the author incorporates the views of business angels, venture capitalists, entrepreneurs, and legal advisors; and draws upon the latest academic thinking on financing new ventures, providing comparisons between business angel and venture capital investing to further inform the reader. The concepts, principles, and guidelines presented can help you and any entrepreneur, business support agency, business student, and others interested in raising external investment and in developing an “investable” business. The book is organized into seven chapters covering: • Fundamental concepts of entrepreneurial venturing and entrepreneurial finance • Market conditions from which investable businesses emerge • The investment process • Deal negotiations • The post-investment relationship between entrepreneur and investor • Recent trends affecting how entrepreneurs raise finance that include strategic exits, “super angels,” and the emergence of “crowdfunding”