The Role of Banks in Monitoring Firms
The Case of the Credit Mobilier
Seiten
1999
Routledge (Verlag)
978-0-415-19539-3 (ISBN)
Routledge (Verlag)
978-0-415-19539-3 (ISBN)
This book is a timely examination of banks and corporate finance. It addresses such issues as credit constraints, the supervisions of managers and the stabilization of share prices.
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
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
Elisabeth Paulet
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
| Erscheint lt. Verlag | 20.5.1999 |
|---|---|
| Reihe/Serie | Routledge Explorations in Economic History |
| Zusatzinfo | 85 Tables, black and white |
| Verlagsort | London |
| Sprache | englisch |
| Maße | 156 x 234 mm |
| Gewicht | 520 g |
| Themenwelt | Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung |
| Betriebswirtschaft / Management ► Spezielle Betriebswirtschaftslehre ► Bankbetriebslehre | |
| Wirtschaft ► Volkswirtschaftslehre ► Finanzwissenschaft | |
| ISBN-10 | 0-415-19539-X / 041519539X |
| ISBN-13 | 978-0-415-19539-3 / 9780415195393 |
| Zustand | Neuware |
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