How Long to Read The Corporate Financiers

How Long Does it Take to Read The Corporate Financiers?

It takes the average reader 3 hours and 50 minutes to read The Corporate Financiers by C. Read

Assuming a reading speed of 250 words per minute. Learn more

Description

The Corporate Financiers is the fifth book in a series of discussions about the great minds in the history and theory of finance. While the series addresses the contributions of scholars in our understanding of modern finance, this volume presents the ways in which a corporation creates value. More than two centuries ago, Adam Smith explained the concept of division of labor and the efficiencies of specialization as the mechanism in which a firm creates value. However, corporations now find themselves outsourcing some processes to other firms as an alternative way to create value. There must be other economic forces at work than simply the internal efficiencies of a firm. We begin by describing the work of a rather obscure scholar named John Burr Williams who demonstrated in 1938 how the earnings of a firm are capitalized into corporate value through its stock price. We then delve into the inner workings of the modern corporation by describing the contributions of Nobel Memorial Prize winners Ronald Coase and Oliver Williamson. More than any others, these scholars created a renewed appreciation for our understanding of the institutional detail of the modern corporation in reducing costs and increasing efficiency. While Coase and Williamson provided meaningful descriptions of the advantage of a corporation, they did not offer prescriptions for the avenues the corporation can create more value in an era when new technologies make outsourcing and telecommuting increasingly possible. Michael Jensen and William Meckling describe in greater detail the nature of the implicit contracts a corporation employs, and recommend remedies to various problems that arise when the goals of the corporation are not aligned with the incentives of its agents. We also describe the further nuances to these relationships as offered by Armen Alchian and Harold Demsetz. We treat the lives of these extraordinary individuals who looked at a very familiar problem in a sufficiently novel light to change the way all look at corporations ever since. That is the test of genius.

How long is The Corporate Financiers?

The Corporate Financiers by C. Read is 230 pages long, and a total of 57,500 words.

This makes it 78% the length of the average book. It also has 70% more words than the average book.

How Long Does it Take to Read The Corporate Financiers Aloud?

The average oral reading speed is 183 words per minute. This means it takes 5 hours and 14 minutes to read The Corporate Financiers aloud.

What Reading Level is The Corporate Financiers?

The Corporate Financiers is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy The Corporate Financiers?

The Corporate Financiers by C. Read is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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