Role of Banks in Monitoring Firms

Name: Role of Banks in Monitoring Firms
Author: Elisabeth Paulet

The Case of the Credit Mobilier

Specificaties

Gebonden, 196 blz. | Engels

Taylor & Francis | 1e druk, 1999

ISBN13: 9780415195393

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Juridisch :

Taylor & Francis 1e druk, 1999 9780415195393

Onderdeel van serie Routledge Explorations in Economic History

€ 217,75

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Samenvatting

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 efective 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