Banks, Finance & Investment in Germany

Edwards, Jeremy

Edwards, Jeremy / Banks, Finance & Investment in Germany
Format: Book - Paperback
Released: Fri 26 Jan 1996
Catalogue Number: 0521566088

E-mail this product information to a friend E-mail this product information to a friend.
Add to Shopping Cart

Add to Wishlist
Price:  AUD$76.49
Import
To Order
* Prices displayed are in Australian Dollars and, where applicable, GST inclusive
Description:
This book analyses the widely-held view of the merits of the 'bank-based' German system of finance for investment, and shows that this view is not supported by evidence from the post-war period. The institutional features of the German system are such that universal banks have control of voting rights at shareholders' meetings due to proxy votes, and they also have representation on companies' supervisory boards. These features are claimed to have two main benefits. One is that the German system reduces asymmetric information problems, enabling banks to supply more external finance to firms at a lower cost, and thus increasing investment. The other is that German banks are able to mould and control managements of firms on behalf of shareholders, and thus ensure that firms are run efficiently. This book assesses whether empirical evidence backs up these claims, and shows that the merits of the German system are largely myths.

Details:

  • Academic Level: Professional
  • Depth (m): 0.015
  • Height (m): 0.227
  • Physical Format: Print On Demand - Paperback
  • Weight (g): 408
  • Width (m): 0.15

Availability
This is an import product, and as such may take longer to source stock, we estimate that despatch will take 14-20 days after ordering, click here for more information regarding import products.


More books4me > Business & Economics > Business & Economics
More Edwards, Jeremy