| Author: | Myers, S. |
| Title: | Financial architecture |
| Journal: | European Financial Management
1999 : JUL, VOL. 5:2, p. 133-141 |
| Index terms: | FINANCIAL MANAGEMENT EUROPE MANAGEMENT |
| Language: | eng |
| Abstract: | The author gives his definition of financial architecture after giving some examples, as he thinks it is best to start with examples rather than definitions. He covers two. First, why do high-tech firms go public? Second, why are public conglomerates dying off in the USA but flourishing nearly everywhere else? Financial architecture is broader than corporate control or corporate governance. Financial architecture means the entire financial design of the business, including ownership, the legal form of organisation, incentives, financing and allocation of risk. |
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