The Role of Banks in Monitoring Firms : The Case of the Credit Mobilier book cover
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The Role of Banks in Monitoring Firms
The Case of the Credit Mobilier




ISBN 9781138985506
Published April 24, 2016 by Routledge
196 Pages

 
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Book 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

Reviews

'The purpose of this book, based on a doctorate thesis, is original and promising.' - Hubert Bonin, Business History Vol. 42 No.3 July 2000