Coverart for item
The Resource Accounting by the first public company : the pursuit of supremacy, Warwick Funnell, Jeffrey Robertson

Accounting by the first public company : the pursuit of supremacy, Warwick Funnell, Jeffrey Robertson

Label
Accounting by the first public company : the pursuit of supremacy
Title
Accounting by the first public company
Title remainder
the pursuit of supremacy
Statement of responsibility
Warwick Funnell, Jeffrey Robertson
Creator
Contributor
Subject
Language
eng
Summary
"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 accounting techniques, most especially double-entry bookkeeping, were critical to the development of modern capitalism and the public company, historians and accounting scholars have debated the extent and importance of these contributions. The Dutch East-India Company was a capitalistic enterprise that had a public, permanent capital and its principal objective was to continually increase profit by reinvesting its returns in the business. Rather than the organisation and management of the Dutch East-India Company reflecting the perceived benefits of a particular bookkeeping method, the supremacy that it achieved and maintained in a very hazardous business at a time of recurring conflict between European states was a consequence of the practicalities of 17th century business and The Netherlands' unique, threatening natural environment which shaped its social and political institutions. "--
Assigning source
Provided by publisher
Cataloging source
MiAaPQ
Illustrations
  • illustrations
  • maps
Index
index present
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
Series statement
Routledge new works in accounting history
Series volume
13
Accounting by the first public company : the pursuit of supremacy, Warwick Funnell, Jeffrey Robertson
Label
Accounting by the first public company : the pursuit of supremacy, Warwick Funnell, Jeffrey Robertson
Link
http://libproxy.rpi.edu/login?url=https://ebookcentral.proquest.com/lib/rpi/detail.action?docID=1562273
Publication
Related Contributor
Related Location
Related Agents
Related Authorities
Related Subjects
Bibliography note
Includes bibliographical references and index
Carrier category
online resource
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type MARC source
rdacontent
http://library.link/vocab/cover_art
https://contentcafe2.btol.com/ContentCafe/Jacket.aspx?Return=1&Type=S&Value=9781315880051&userID=ebsco-test&password=ebsco-test
Dimensions
unknown
http://library.link/vocab/discovery_link
{'f': 'http://opac.lib.rpi.edu/record=b3728990'}
Edition
First Edition.
Extent
1 online resource (225 pages)
Form of item
online
Isbn
9781315880051
Isbn Type
(e-book)
Media category
computer
Media MARC source
rdamedia
Other physical details
illustrations, maps.
Sound
unknown sound
Specific material designation
remote

Library Locations

    • Folsom LibraryBorrow it
      110 8th St, Troy, NY, 12180, US
      42.729766 -73.682577
Processing Feedback ...