Details

Subject(s)

• Corporations—Finance—Case studies [Browse]
• Business enterprises—Finance—Case studies [Browse]
• Banks and banking—Case studies [Browse]
• Credit—Case studies [Browse]
• Crédit mobilier (France)—History [Browse]

Series

Routledge explorations in economic history. [More in this series]

Summary note

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 effective 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

Notes

Description based upon print version of record.

Bibliographic references

Includes bibliographical references and index.

Language note

English

Contents

• Book Cover; Title; Contents; List of figures; List of tables; Preface; Acknowledgements; INTRODUCTION; AGENCY THEORY AND MONITORING A theoretical and empirical interpretation; THE CREDIT MOBILIER AND THE FRENCH STOCK EXCHANGE 1853 1914 An empirical perspective; CORPORATE INVESTMENT, CASH FLOW AND FINANCIAL CONSTRAINTS OF FIRMS The case of the Credit Mobilier; THE SUPERVISORY ROLE OF THE CREDIT MOBILIER Some interpretations; GENERAL CONCLUSIONS; Data on the Credit Mobilier; Data relative to the general indices (GNP, share prices) for France between 1852 and 1914; Share price series
• Data relative to the affiliated companies Data relative to non-affiliated companies; Monthly share prices for affiliated companies between 1866 and 1868; Data for investment and cash flow tests; Notes; Bibliography; Index

ISBN

• 0-429-22973-9
• 1-134-64621-6
• 1-280-32448-1
• 0-203-21180-4

OCLC

• 70724056
• 1000428429

Doi

• 10.4324/9780203211809

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