Finance Capitalism and Germany's Rise to I...

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Sprache: Englisch

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Beschreibung

Based on a wide array of data collected by the author, this book uses clear theoretically motivated economic analysis to explain the structure, performance, and influence of universal banks and securities markets on firms during industrialisation. The German universal banks played a significant but not overwhelming role in the ownership and control of corporate firms. Banks gained access to boards via a confluence of their underwriting and brokerage activities, the legal phenomena of bearer shares and deposited voting rights, and the flourishing securities markets of the turn of the twentieth century. In general, bank relationships had little impact on firm performance; stock market listings, or ownership structure, were more important. The findings show that securities markets can thrive within a civil-law, universal-bank system and suggest that financial system complexity can favour rapid industrial expansion.

Inhaltsverzeichnis

1. Introduction; 2. The development of the German corporate finance system until 1913; 3. Theoretical perspectives on banking and financial system structure; 4. The development and impact of universal banking; 5. Corporate governance relationships: patterns and explanations; 6. Firm financing and performance; 7. Securities markets; 8. Upheaval and recovery; 9. Conclusion.

Details

Erscheinungsjahr:	2011
Fachbereich:	Allgemeines
Genre:	Importe , Wirtschaft
Rubrik:	Recht & Wirtschaft
Medium:	Taschenbuch
Inhalt:	Kartoniert / Broschiert
ISBN-13:	9780521396608
ISBN-10:	0521396603
Sprache:	Englisch
Einband:	Kartoniert / Broschiert
Autor:	Fohlin, Caroline
Hersteller:	Cambridge University Press
Verantwortliche Person für die EU:	Libri GmbH, Europaallee 1, D-36244 Bad Hersfeld, gpsr@libri.de
Maße:	229 x 152 x 24 mm
Von/Mit:	Caroline Fohlin
Erscheinungsdatum:	21.07.2011
Gewicht:	0,657 kg