Accounting and Financial Policy at Schneider (1837-1875)
Batsch, Laurent (1997), Accounting and Financial Policy at Schneider (1837-1875), Accounting, Business and Financial History, 7, 3, p. 281-294. http://dx.doi.org/10.1080/095852097330649
TypeArticle accepté pour publication ou publié
Journal nameAccounting, Business and Financial History
MetadataShow full item record
Abstract (EN)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.
Subjects / KeywordsSchneider; Creusot; Early Industrialization; Dividends; Corporate Finance; Balance Sheet
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