The Role of Banks in Monitoring Firms: The Case of the Credit Mobilier (Routledge Explorations in Economic History),Used

The Role of Banks in Monitoring Firms: The Case of the Credit Mobilier (Routledge Explorations in Economic History),Used

SKU: SONG041519539X
Categories : History
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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 AngloAmerican asset based financing is more efective than the mainbank 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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