Role of Banks in Monitoring Firms
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€61.50
A01=Elisabeth Paulet
Affiliated Companies
Agency Costs
agency theory
Author_Elisabeth Paulet
bank firm monitoring effectiveness
Banking Panic
banque
Banque De France
Bradford De Long
Cash Flow
Cash Flow Coefficient
Category=KCZ
Category=KFFK
Category=NH
Close Banking Relationships
companies
corporate governance
crt
Data Set
De Long
Dividend Pay Outs
Dividends Series
Dummy Variable
eq_bestseller
eq_business-finance-law
eq_history
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
financial intermediation
Firm Dummies
Firm Dummy Variables
Fixed Effect Model
french
French Stock Market
german
GNP Deflator
historical finance research
industrialisation
Investment Regression
Log Price Dividend Ratio
main-bank relationships
mobilier
Naive Forecast
non-affiliated
Non-affiliated Companies
price
Price Dividend Ratio
share
Theoretical Presumption
universal banking systems
Volatility Ratio
Product details
- ISBN 9781138985506
- Weight: 360g
- Dimensions: 156 x 234mm
- Publication Date: 24 Apr 2016
- Publisher: Taylor & Francis Ltd
- Publication City/Country: GB
- Product Form: Paperback
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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
