Accounting and Financial Policy at Schneider (1837-1875)

This article deals with financial accounting and financial strategy at Schneider during the period of early French industrialization. The charging of all capital expenditure to net income led both to an underestimation of assets and a reduction of distributable income. Schneider managed to reconcile this accounting choice with a generous dividend policy. The means by which the company's capital was increased are also considered.

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Year of publication:	1997-11
Authors:	Batsch, Laurent
Institutions:	Université Paris-Dauphine (Paris IX)
Subject:	Schneider \| Creusot \| Early Industrialization \| Dividends \| Corporate Finance \| Balance Sheet

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Series:	Economics Papers from University Paris Dauphine.
Type of publication:	Book / Working Paper
Notes:	Published in Accounting, Business and Financial History, 1997, Vol. 7, no. 3. pp. 281-294.Length: 13 pages
Classification:	M4 - Accounting and Auditing ; Y80 - Related Disciplines
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010707515