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
By:
Elisabeth Paulet Foreword by:
William Paca Kennedy Imprint: Routledge Country of Publication: United Kingdom Dimensions:
Height: 234mm,
Width: 156mm,
Weight: 453g ISBN:9781138985506 ISBN 10: 1138985503 Series:Routledge Explorations in Economic History Pages: 196 Publication Date:24 April 2016 Audience:
College/higher education
,
Primary
Format:Paperback Publisher's Status: Active
Elisabeth Paulet
Reviews for The Role of Banks in Monitoring Firms: The Case of the Credit Mobilier
'The purpose of this book, based on a doctorate thesis, is original and promising.' - Hubert Bonin, Business History Vol. 42 No.3 July 2000