The Firm and the Capital Market

  • Kenneth Midgley
  • Ronald G. Burns


The study of business finance is concerned with the provision, flow and use of finance within a business organisation and with the demand for, and supply of, funds for business within the economy as a whole. It is our task in this opening chapter to indicate the main financial problems which arise within a firm, to outline the mechanism of the capital market, and to show how decisions, both within the market and within individual firms, interact. In a wide-ranging review of this sort it is essential to limit the discussion to the bare simplicities; more detailed and sophisticated consideration will be given to the various problems touched upon in the chapters to follow.


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Further Reading

  1. Paul Ferris, The City (Harmondsworth: Penguin, 1965).Google Scholar
  2. Hamish McRae and Frances Cairncross, Capital City: London as a Financial Centre (London: Methuen, 1973).Google Scholar
  3. K. Midgley and R. G. Burns, The Capital Market: its Nature and Significance (London: Macmillan, 1977).Google Scholar
  4. N. B. Ritchie, What goes on in the City? (Cambridge: Woodhead-Faulkner, 1975) (published in association with Lloyds Bank Ltd).Google Scholar

Copyright information

© Kenneth Midgley and Ronald G. Burns 1979

Authors and Affiliations

  • Kenneth Midgley
  • Ronald G. Burns

There are no affiliations available

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