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The Role of Banks in Monitoring Firms

The Case of the Credit Mobilier

Gebonden Engels 1999 9780415195393
€ 276,06
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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

Specificaties

ISBN13:9780415195393
Taal:Engels
Bindwijze:Gebonden
Aantal pagina's:196
Uitgever:Taylor & Francis Ltd

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Inhoudsopgave

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

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          The Role of Banks in Monitoring Firms