Accounting and Financial Policy at Schneider (1837-1875)

Batsch, Laurent

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

Type

Article accepté pour publication ou publié

Date

1997

Journal name

Accounting, Business and Financial History

Volume

Number

Publisher

Routledge

Pages

281-294

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 / Keywords

Schneider; Creusot; Early Industrialization; Dividends; Corporate Finance; Balance Sheet

JEL

M4 - Accounting and Auditing
Y80 - Related Disciplines