ABSTRACT
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-b
TABLE OF CONTENTS
chapter |6 pages
INTRODUCTION
chapter |50 pages
THE CRÉDIT MOBILIER AND THE FRENCH STOCK EXCHANGE 1853–1914
An empirical perspective
chapter |33 pages
CORPORATE INVESTMENT, CASH FLOW AND FINANCIAL CONSTRAINTS OF FIRMS
The case of the Crédit Mobilier
