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The Role of Banks in Monitoring Firms

The Case of the Credit Mobilier

By Elisabeth Paulet

Foreword by William Paca Kennedy

Routledge – 1999 – 192 pages

Series: Routledge Explorations in Economic History

Purchasing Options:

  • Add to CartHardback: $200.00
    978-0-415-19539-3
    May 19th 1999

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

Name: The Role of Banks in Monitoring Firms: The Case of the Credit Mobilier (Hardback)Routledge 
Description: By Elisabeth PauletForeword by William Paca Kennedy. 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...
Categories: History of Economic Thought, Banking, Economic History