1st Edition
The Role of Banks in Monitoring Firms The Case of the Credit Mobilier
By Elisabeth Paulet
Copyright 1999
196 Pages
by
Routledge
196 Pages
by
Routledge
196 Pages
by
Routledge
Also available as eBook on:
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... Read more
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
Biography
Elisabeth Paulet
'The purpose of this book, based on a doctorate thesis, is original and promising.' - Hubert Bonin, Business History Vol. 42 No.3 July 2000
