Corporate Finance


finance, theory and practice of conducting large public and private dealings in money. Important institutions of private finance include those that deal with insurance, banking, stocks (see stock), bonds, and other securities. With the development of the national state, public finance—the management of the revenues, expenditures, and debts of the state—has been of great political, as well as economic, importance. The most important source of government revenue is taxes, but sale of public properties and franchises, as well as the sale of interest-bearing bonds, also contribute. Since the Korean War, a large part of governmental expenditures has gone for various military and defense needs. Other important areas of governmental expenditure are health, education, and welfare (the Social Security, Medicare, and Medicaid programs); interest on the national debt; and public works. Important institutions of international finance are the International Bank for Reconstruction and Development and the International Monetary Fund.

See D. Allen, Finance (1983); D. Swain, Managing Public Money (1987); L. Harris et al., ed., New Perspectives on the Financial System (1988); N. Gianaris, Contemporary Public Finance (1989).

The Columbia Encyclopedia, 6th ed. Copyright© 2018, The Columbia University Press.

Corporate Finance: Selected full-text books and articles

Company Law and Corporate Finance By Eilís Ma Ferran Oxford University Press, 1999
The American Corporation Today By Carl Kaysen Oxford University Press, 1996
Librarian's tip: Chap. 5 "Financing the American Corporation: The Changing Menu of Financial Relationships"
The Risk Management Process: Business Strategy and Tactics By Christopher L. Culp John Wiley & Sons, 2001
Librarian's tip: Part One "Risk Management and Corporate Finance"
The Role of Insurance in Corporate Risk Finance By Kwon, W. Jean Review of Business, Vol. 24, No. 3, Fall 2003
Peer-reviewed publications on Questia are publications containing articles which were subject to evaluation for accuracy and substance by professional peers of the article's author(s).
The Curse of Too Much Capital: Building New Businesses in Large Corporations By Clayton, James; Gambill, Bradley; Harned, Douglas The McKinsey Quarterly, Summer 1999
The Volatility Machine: Emerging Economies and the Threat of Financial Collapse By Michael Pettis Oxford University Press, 2001
Librarian's tip: Part III "The Corporate Finance of Crises"
Beyond Junk Bonds: Expanding High Yield Markets By Glenn Yago; Susanne Trimbath Oxford University Press, 2003
Librarian's tip: Chap. 8 "Why Capital Structure Matters: The Corporate Finance Revolution"
The Theory of Business Enterprise and Veblen's Neglected Theory of Corporation Finance By Ganley, William T Journal of Economic Issues, Vol. 38, No. 2, June 2004
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