|
Conferences
Corporate financing faced with Twentieth century economic changes.
Paris 15 - 16 March 2007
International Conference.
Paris, March 15th - 16th 2007.
Corporate financing faced with Twentieth century economic changes.
From the second industrial revolution which
affected industrialized countries starting in the
1870-1880s to the recent "new economy", different
waves of technological and organizational
revolutions produced the emergence of new
branches and new industries, transforming
radically the economic structure. At the firm
level, these transformations have imposed new
financial needs.
First, the new sectors of activity created since
the beginning of the century are more capitalistic; hence require larger capital resources, especially long-term funds. On the
contrary, recent technological changes can alter
this point of view.
How did these changes appear at the micro-economic level: how were financed the creation, diversification, internationalization of firms? Except for self-financing, did the companies succeed in finding financial institutions in a position to help them meet the new challenges, during high growth periods as well as during depression periods?
The conference will try to pinpoint how bank
loans, financial markets, the State or even other
firms operating in the same areas, have provided
funds for these firms. The organisers would like
particularly to emphasize comparative approaches
across European countries as well as countries
that acquired an industrial development before
the First World War (Europe, USA, Japan and
Russia).
The conference will be organized in four parts,
corresponding to growth pace, monetary issues and
the levels of international integration, as
follows:
1. From the 1880s to 1914, from the first to the second industrial revolution;
2. 1914 -1950s, the market economy in trouble; 3. 1950s - 1970s, financing expansion;
4. 1975 -1990s, crisis, imbalances and financial markets development.
A panel discussion between economists, financiers
and businessmen will close the colloquium. The
proceedings of the conference will be published
in 2008.
Scientific organisers:
Laure Quennouëlle-Corre, (CNRS, Paris): laure.corre@noos.fr
André Straus (CNRS, Paris) : XStraus@aol.com
Last updated 16 January 2007 |
|