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From the Joint Stock Company to Financial Derivatives

In: Capitalism with Derivatives

Author

Listed:
  • Dick Bryan
  • Michael Rafferty

Abstract

The recent growth of financial derivatives has fundamentally transformed the way finance is transacted and the forms in which corporations manage their risk. But derivatives are more than an innovation in risk management. They are also challenging the way we understand what corporations are and what ownership of capital is.

Suggested Citation

  • Dick Bryan & Michael Rafferty, 2006. "From the Joint Stock Company to Financial Derivatives," Palgrave Macmillan Books, in: Capitalism with Derivatives, chapter 4, pages 68-102, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-50154-6_4
    DOI: 10.1057/9780230501546_4
    as

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