The Role of Banks in Monitoring Firms

The Case of the Credit Mobilier

By Elisabeth Paulet

Foreword by William Paca Kennedy

© 1999 – Routledge

196 pages

Purchasing Options:
Hardback: 9780415195393
pub: 1999-05-19
US Dollars$200.00
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e–Inspection Copy

About the Book

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

About the Series

Routledge Explorations in Economic History

This long established series provides a platform for books which break new ground in the understanding of the development of the modern world economy. Equally rooted in economics and history, the series is not limited to any particular period or region. Individual titles focus on particular countries, key industries, themes, or international economic relations.

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Subject Categories

BISAC Subject Codes/Headings:
BUS069000
BUSINESS & ECONOMICS / Economics / General