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From the Joint Stock Company to Financial Derivatives

Dick Bryan and Michael Rafferty

Chapter 4 in Capitalism with Derivatives, 2006, pp 68-102 from Palgrave Macmillan

Abstract: 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.

Keywords: Stock Market; Hedge Fund; Future Market; Stock Option; Limited Liability (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-50154-6_4

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DOI: 10.1057/9780230501546_4

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