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The role of banks in monitoring firms : the case of the Crédit Mobilier /
This book addresses issues in the current literature on corporate finance using historical evidence. In particular it looks at the role of universal banks in relaxing the credit constraints of firms, supervising managers and stabilizing share prices. The key issues is whether the Anglo-American asse...
| Cote: | Libro Electrónico |
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| Auteur principal: | |
| Format: | Électronique eBook |
| Langue: | Inglés |
| Publié: |
London ; New York :
Routledge,
2002.
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| Collection: | Routledge explorations in economic history.
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| Sujets: | |
| Accès en ligne: | Texto completo |
| Résumé: | This book addresses issues in the current literature on corporate finance using historical evidence. In particular it looks at the role of universal banks in relaxing the credit constraints of firms, supervising managers and stabilizing share prices. The key issues is whether the Anglo-American asset based financing is more effective than the main-bank approach used in Germany and Japan. Earlier studies have found that firms with a close relationship with a major bank have high market value compared to book value, although it is difficult to determine whether this is cause or effect. |
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| Description matérielle: | 1 online resource (xiv, 178 pages) : illustrations |
| Bibliographie: | Includes bibliographical references and index. |
| ISBN: | 041519539X 9780415195393 0203211804 9780203211809 9786610324484 6610324484 0429229739 9780429229732 1134646216 9781134646210 1280324481 9781280324482 |