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

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Description

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

Product Specifications

Format
paperback
Domain
Amazon UK
Release Date
30 April 2016
Listed Since
10 March 2016

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