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How has British industry financed itself in the past? With the
current debate on industry's financial strategy, this study of the
past sixty years is a particularly timely contribution to the
discussions on the future financing of industry.
This book gives, for the inter-war years, a detailed examination of
the main sources of funds, covering long-term and short-term
funding. It also traces the transition in the new issue market and
explores the course of firms' own internal funds, and ends his
coverage of the pre-war years with a chapter on the Macmillan Gap.
Dr Thomas puts particular emphasis on the influence of government
policy on the financing of industry in post-war Britain. He also
explains the effects the new sources of finance have had on
industry and the major public corporations. His last chapter
surveys the later developments in the main sources and uses of
funds and the factors responsible for them, and includes an
illuminating comparison of financial practices in some of the major
overseas industrial countries.
Dr. Thomas has written a clear and objective account describing the
trends in finance since the First World War. His notably
well-documented book is an essential reference work.
First Published in 2005. Routledge is an imprint of Taylor &
Francis, an informa company.
First Published in 2005. Routledge is an imprint of Taylor &
Francis, an informa company.
How has British industry financed itself in the past? With the
current debate on industry's financial strategy, this study of the
past sixty years is a particularly timely contribution to the
discussions on the future financing of industry. This book gives,
for the inter-war years, a detailed examination of the main sources
of funds, covering long-term and short-term funding. It also traces
the transition in the new issue market and explores the course of
firms' own internal funds, and ends his coverage of the pre-war
years with a chapter on the Macmillan Gap. Dr Thomas puts
particular emphasis on the influence of government policy on the
financing of industry in post-war Britain. He also explains the
effects the new sources of finance have had on industry and the
major public corporations. His last chapter surveys the later
developments in the main sources and uses of funds and the factors
responsible for them, and includes an illuminating comparison of
financial practices in some of the major overseas industrial
countries. Dr. Thomas has written a clear and objective account
describing the trends in finance since the First World War. His
notably well-documented book is an essential reference work.
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