Innovations in Dequity Financing
Editorial Reviews
Choice
"This outstanding book shows how the new financial innovations of dequity have transformed the traditional business world and led to new forms of business organization. The 1980s witnessed an increased equity owned by employees. It also saw a change in control from managers to institutional lenders. Lastly, it saw a change from indirect ownership of corporate assets to the direct ownership of the production assets. In short, companies are now owned and controlled by the very people who perform the tasks. Moreover, the tools they use to perform the tasks are now owned by institutional investors such as pension funds, insurance companies, and endowment funds. Dequity accomplished this transformation. After explaining the attractiveness of dequity, Chen shows the characteristics and uses of its different forms. The book draws upon material published over the last five years as well as new previously unpublished material. Recommended for upper-division undergraduate and graduate audiences."
Review
“This outstanding book shows how the new financial innovations of dequity have transformed the traditional business world and led to new forms of business organization. The 1980s witnessed an increased equity owned by employees. It also saw a change in control from managers to institutional lenders. Lastly, it saw a change from indirect ownership of corporate assets to the direct ownership of the production assets. In short, companies are now owned and controlled by the very people who perform the tasks. Moreover, the tools they use to perform the tasks are now owned by institutional investors such as pension funds, insurance companies, and endowment funds. Dequity accomplished this transformation. After explaining the attractiveness of dequity, Chen shows the characteristics and uses of its different forms. The book draws upon material published over the last five years as well as new previously unpublished material. Recommended for upper-division undergraduate and graduate audiences.”–
Innovations in Dequity Financing
Innovations in Dequity Financing,Andrew H. Chen,John W. Kensinger,Quorum Books,0899304788,Business / Economics / Finance,Business/Economics,Corporate Finance,Corporate debt,Corporations,Employee ownership,Finance,Business & Economics / Finance
English Books:
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