The Role of Banks in Monitoring Firms: The Case of the Credit Mobilier by Elisab

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ISBN-13:9780415195393
Book Title:The Role of Banks in Monitoring Firms
Number of Pages:196 Pages
Language:English
Publication Name:The Role of Banks in Monitoring Firms: the Case of the Credit Mobilier
Publisher:Taylor & Francis Ltd
Publication Year:1999
Subject:Economics,Finance
Item Height:234 mm
Item Weight:454 g
Type:Textbook
Author:Elisabeth Paulet
Item Width:156 mm
Format:Hardcover

The Role of Banks in Monitoring Firms by Elisabeth Paulet Addressing issues on corporate finance and using historical evidence, this text considers the role of universal banks in relaxing the credit constraints of firms, supervising managers, stablizing share prices. FORMAT Hardcover LANGUAGE English CONDITION Brand New Publisher Description Does the Anglo-American approach to the relationship between banks and firms have a significant weakness compared to the German and Japanese approach? 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 issue 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. The case of the Credit Mobiler – the first universal bank – is interesting because the bank failed. If it was the links with the bank that caused high and stable share prices or relaxed customer constraints, the banks bankruptcy should have precipitated the loss of these benefits. In fact the bankruptcy had almost no effect on the share prices or the investment behaviour of the relevant firms, casting doubts on the benefits of powerful banks. Back Cover 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 Author Biography Elisabeth Paulet Table of Contents 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 Review The purpose of this book, based on a doctorate thesis, is original and promising. – Hubert Bonin, Business History Vol. 42 No.3 July 2000 Details ISBN041519539X Author Elisabeth Paulet Short Title ROLE OF BANKS IN MONITORING FI Series Routledge Explorations in Economic History Language English ISBN-10 041519539X ISBN-13 9780415195393 Media Book Format Hardcover Year 1999 Imprint Routledge Subtitle The Case of the Credit Mobilier Place of Publication London Country of Publication United Kingdom Edition 1st Birth 1962 Pages 196 DOI 10.1604/9780415195393 UK Release Date 1999-05-20 AU Release Date 1999-05-20 NZ Release Date 1999-05-20 Publisher Taylor & Francis Ltd Publication Date 1999-05-20 Alternative 9781138985506 DEWEY 332.10944 Illustrations 85 Tables, black and white Audience Undergraduate We’ve got this At The Nile, if you’re looking for it, we’ve got it. With fast shipping, low prices, friendly service and well over a million items – you’re bound to find what you want, at a price you’ll love! TheNile_Item_ID:134413034;

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