Moose Pastures and Mergers

Moose Pastures and Mergers PDF Author: Christopher Armstrong
Publisher: University of Toronto Press
ISBN: 9780802035103
Category : Business & Economics
Languages : en
Pages : 468

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Book Description
A history of the development of the Ontario Securities Commission from the post-war years to the increasingly complex financial world of the 1970s and 1980s.

Moose Pastures and Mergers

Moose Pastures and Mergers PDF Author: Christopher Armstrong
Publisher: University of Toronto Press
ISBN: 9780802035103
Category : Business & Economics
Languages : en
Pages : 468

Get Book

Book Description
A history of the development of the Ontario Securities Commission from the post-war years to the increasingly complex financial world of the 1970s and 1980s.

Moose Pastures and Mergers

Moose Pastures and Mergers PDF Author: Chris Armstrong
Publisher: University of Toronto Press
ISBN: 1442657782
Category : History
Languages : en
Pages : 468

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Book Description
Long before the spectacular collapse of Bre-X in 1997, the Canadian capital markets had their share of swindlers and crooks. In the boom times after Second World War, hard-sell speculative mining ventures, pushing what often amounted to a few acres of moose pasture, riddled over-the-counter markets and the TSE. It was in this context that the Ontario Securities Commission developed into Canada's leading securities regulator. Following the war, the OSC concerned itself primarily with fraudsters and attempts to reign in Toronto's boiler rooms, but by the mid-sixties increasingly sophisticated markets and a series of scandals culminating in the Windfall affair resulted in a rewriting of the Securities Act and a widening of the OSC's investor protection mandate. The seventies tested the Commission's new powers as increased corporate merger activity brought the phrase "insider-trading" into the popular lexicon. Surprisingly, considering that capital markets have such a profound impact on Canada's well-being, this is the first thorough study of the their post-war evolution and regulation. Moose Pastures and Mergers takes off where the author's acclaimed previous work, Blue Skies and Boiler Rooms: Buying and Selling Securities in Canada, 1870–1940, left off. With an ear for a good story – seedy personalities, bunglers and guileless victims abound – and a scholar's rigour, Armstrong has met the protean beast of share markets head on and revealed its shape for the timid or the merely baffled. Essential reading for business journalists, securities lawyers, academics, and interested investors. Winner of the J.J. Talman Award presented by the Ontario Historical Society

Blue Skies and Boiler Rooms

Blue Skies and Boiler Rooms PDF Author: Chris Armstrong
Publisher: University of Toronto Press
ISBN: 1442633042
Category : Business & Economics
Languages : en
Pages : 418

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Book Description
Blue Skies and Boiler Rooms describes the evolution of the securities market in Canada, from the onset of trading, through the boom of the 1920s and the depression of the 1930s, to the outbreak of the Second World War. The book documents the problems of fraud, misrepresentation, and manipulation of prices, which plagued the securities industry from the outset and which eventually led to market regulation, first by the stock exchanges and later, after the First World War, by governments. Some people argued that regulation to prevent abuses should be modelled on the American ‘blue sky’ legislation, so named after the promises of smooth-talking con men in fly-by-night operations who victimized the unwary with sales pitches offering shares in virtually anything. Even ‘the blue sky above.’ Such legislation became necessary as shady types marketed shares of doubtful value through ‘boiler rooms,’ which used high-pressure mail and telephone selling methods to separate people from their money. This is a tale well told, with a splendid cast of crooks and raffish characters. It is also an in-depth study based on extensive primary research that captures the distinctiveness of the development of the Canadian securities market. Armstrong’s book shows that today’s Bre-X saga is only the latest in a series of episodes in which investors have fixed their hopes for quick and easy profits on speculative mining stock. It will be welcomed by students and scholars of financial, business, and economic history.

Prophets of Computing

Prophets of Computing PDF Author: Dick van Lente
Publisher: Morgan & Claypool
ISBN: 1450398189
Category : Computers
Languages : en
Pages : 556

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Book Description
When electronic digital computers first appeared after World War II, they appeared as a revolutionary force. Business management, the world of work, administrative life, the nation state, and soon enough everyday life were expected to change dramatically with these machines’ use. Ever since, diverse prophecies of computing have continually emerged, through to the present day. As computing spread beyond the US and UK, such prophecies emerged from strikingly different economic, political, and cultural conditions. This volume explores how these expectations differed, assesses unexpected commonalities, and suggests ways to understand the divergences and convergences. This book examines thirteen countries, based on source material in ten different languages—the effort of an international team of scholars. In addition to analyses of debates, political changes, and popular speculations, we also show a wide range of pictorial representations of "the future with computers."

Business Groups in the West

Business Groups in the West PDF Author: Asli M. Colpan
Publisher: Oxford University Press
ISBN: 019254814X
Category : Business & Economics
Languages : en
Pages : 576

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Book Description
This volume aims to explore the long-term evolution of different varieties of large enterprises in today's developed economies. It focuses on the economic institution of business groups and attempts to comprehend the factors behind their rise, growth, struggle, and resilience; their behavioral and organizational characteristics; and their roles in national economic development. The volume seeks to enhance the scholarly and policy-oriented understanding of business groups in developed economies by bringing together state-of-the-art research on the characteristics and contributions of large enterprises in an evolutionary perspective. While business groups are a dominant and critical organization model in contemporary emerging economies and have lately attracted much attention in academic circles and business presses, their counterparts in developed economies have not been systematically examined. This book aims to fill this gap in the literature and is the first scholarly attempt to explore the evolutional paths and contemporary roles of business groups in developed economies from an internationally comparative perspective. In doing so, it argues that business groups actually rose to function as a critical factor of industrial dynamics in the context of Second Industrial Revolution in the late nineteenth century. They have adapted their characteristic roles and transformed to fit to the changing market and institutional settings. As they flexibly co-evolve with the environment, the volume shows that business groups can remain as a viable organization model in the world's most advanced economies today.

From Wall Street to Bay Street

From Wall Street to Bay Street PDF Author: Christopher Kobrak
Publisher: University of Toronto Press
ISBN: 1442616253
Category : Business & Economics
Languages : en
Pages : 414

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Book Description
From Wall Street to Bay Street is the first book for a lay audience to tackle the similarities and differences between the financial systems of Canada and the United States. Christopher Kobrak and Joe Martin reveal the different paths each system has taken since the early nineteenth-century.

Corporate Cataclysm

Corporate Cataclysm PDF Author: Barry E.C. Boothman
Publisher: University of Toronto Press
ISBN: 1487532326
Category : History
Languages : en
Pages : 581

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Book Description
In this absorbing narrative, Barry E.C. Boothman traces the history of Abitibi Power & Paper Limited alongside the rise and fall of the newsprint industry and the advent of Canadian corporate capitalism. In the first half of the twentieth century, Abitibi was Canada’s biggest manufacturer – an apparent success story after the Wall Street crash of 1929 and a company deemed "too big to fail" – but the company eventually ended up at the centre of the longest and most controversial bankruptcy in Canadian history. Moving from the frontier areas of northern Ontario to the heart of the continental economy, Corporate Cataclysm shows how competitive strategies, industrial organization, corporate finance, and law combined with the empire-building dreams of entrepreneurs and the concerns of politicians to generate an economic disaster. It then chronicles the disputes and intense strife that plagued Abitibi’s fourteen-year receivership.

Canada: The State of the Federation, 2011

Canada: The State of the Federation, 2011 PDF Author: Nadia Verrelli
Publisher: McGill-Queen's Press - MQUP
ISBN: 1553392086
Category : Political Science
Languages : en
Pages : 255

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Book Description
In this edition of Canada: State of the Federation, contributors consider whether and to what degree the relationship between the central government and the provincial and territorial governments has changed in the past decade. The authors address three overarching questions. First, is the power base changing in Canada? If so, how are governments responding? Second, what are the implications of the changing environment for the relationships between governments? And third, are there underlying forces – such as economic or technological change, or demands for citizen engagement – that are pushing some provinces and regions to become more assertive in the global environment? The papers are organized into four categories: those that identify and analyze the changing federal environment; those concerned with the implications of the 2011 federal election; those that deal with health policy and economic federalism; and those that explore the growing importance of the North and the changing dynamics among the provinces and the federal government. Among the topics discussed are the impact of a majority government based on a West-Ontario coalition, with Quebec represented primarily by the Opposition, the implications of the trade-off between health care spending and the public financing of other essential public goods, and second-generation trade agreements, such as the Canada-European Union Comprehensive Trade Agreement.

Policing the Markets

Policing the Markets PDF Author: James W. Williams
Publisher: Routledge
ISBN: 1136482989
Category : Law
Languages : en
Pages : 292

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Book Description
Set against the backdrop of the recurring waves of financial scandal and crisis to hit Canada, the US, the UK, and Europe over the last decade, this book examines the struggles of securities enforcement agencies to police the financial markets. While allegations of regulatory failure in this realm are commonplace and are well documented in policy and legal scholarship, James Williams seeks to move beyond these conventional accounts arguing that they are based on a limited view of the regulatory process and overlook the actual practices and dilemmas of enforcement work. Informed by interviews with police, regulators, lawyers, accountants, and investor advocates, along with a wealth of documentary materials, the book is rooted in a uniquely interdisciplinary social science perspective. Peering inside the black box of enforcement, it examines the organizational, professional, geographical, technological, and legal influences that shape securities enforcement as a distinctly knowledge-based enterprise. The result of these influences, Williams argues, is the production of a very particular vision of financial disorder which captures certain forms of misconduct while overlooking others, a reflection not of incompetence or capture but of the unique demands and constraints of the regulatory craft. Providing a very different, and much needed, account of the challenges faced by regulators and enforcement agencies, this book will be of enormous interest to current research on enforcement, regulation, and governance both within and beyond the financial realm.

Three Plays of Maureen Hunter

Three Plays of Maureen Hunter PDF Author: Hunter, Maureen
Publisher: OIBooks-Libros
ISBN: 1896239994
Category : Drama
Languages : en
Pages : 944

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Book Description
Book is clean and tight. No writing in text. Like New