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Accounting by the First Public Company: The Pursuit of Supremacy (Routledge New Works in Accounting History) by Warrick Funnell & Jeffrey Robertson is a nonfiction available to read on EtoBox.

What is Accounting by the First Public Company: The Pursuit of Supremacy (Routledge New Works in Accounting History) about?

"The United Dutch East India Company was the first public company, preceding the formation of the English East-India Company by over 40 years. Its fame as the first public company which heralded the transition from feudalism to modern capitalism and its remarkable financial success for nearly two centuries ensure its importance in the history of capitalism. Although a publicly owned, highly complex and diversified business, and commonly agreed to be the largest and most profitable business in the 17th century, throughout its existence the Dutch East-India Company never produced public accounts of its financial affairs which would have allowed investors to judge the performance of the Company. Its financial accounting, which changed little during its lifetime, was not designed as an aid to rational investment decision-making by communicating the Company's financial performance but to be a means of promoting sound stewardship by senior management. This study examines the contributions of accounting to the remarkable success of the Dutch East-India Company and the influences on these accounting practices. From the time that the German economic historian Werner Sombart proposed that ac

Who reads Accounting by the First Public Company: The Pursuit of Supremacy (Routledge New Works in Accounting History)?

Author

Warrick Funnell & Jeffrey Robertson

Publisher

Routledge

Published

2018

Language

EN

ISBN

9781138616769

Category

nonfiction

Subjects

History, Management, Business