Role of Banks in Monitoring Firms The Case of the Credit Mobilier
Heftet /
2016
/ Engelsk
Produktdetaljer
ISBN
9781138985506
Publisert
2016-04-24
Utgiver
Vendor
Routledge
Vekt
453 gr
Høyde
234 mm
Bredde
156 mm
Aldersnivå
U, 05
Språk
Product language
Engelsk
Format
Product format
Heftet
Antall sider
196
Forfatter
<p><strong>'The purpose of this book, based on a doctorate thesis, is original and promising.'</strong> - <em>Hubert Bonin, Business History Vol. 42 No.3 July 2000</em></p>
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
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This book is a timely examination of banks and corporate finance. It addresses such issues as credit constraints, the supervisions of managers and the stabilization of share prices.
Introduction 1. The debt contract according to agency and signalling theories 2. The Credit Mobilier and the French Stock Exchange 1852-1914: an empirical perspective 3. Corporate Investment, Cash Flow and Financial Constraint For Firms: The Credit Mobilier Case 4.The Supervisory role of the Credit Mobilier: Some Interpretation 5. General Conclusion 6. Appendices
Les mer
Produktdetaljer
ISBN
9781138985506
Publisert
2016-04-24
Utgiver
Vendor
Routledge
Vekt
453 gr
Høyde
234 mm
Bredde
156 mm
Aldersnivå
U, 05
Språk
Product language
Engelsk
Format
Product format
Heftet
Antall sider
196
Forfatter