Banks, Finance and Investment in Germany

Banks, Finance and Investment in Germany

by Jeremy Edwards, Klaus Fischer


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Product Details

ISBN-13: 9780521453486
Publisher: Cambridge University Press
Publication date: 01/28/1994
Pages: 264
Product dimensions: 5.98(w) x 8.98(h) x 0.87(d)

Table of Contents

1. Introduction; 2. A theoretical framework for analysing the effects of the financial system on economic performance; 3. The significance of bank loans in the finance of aggregate investment in Germany; 4. Legal forms of enterprise in Germany, and their implications for the role of the German financial system; 5. The structure of the German banking system; 6. Bank supervisory board representation and other aspects of German bank lending to firms; 7. German bank behaviour when firms are in financial distress; 8. The ownership structure of large German firms and its implications for German banks' corporate control role; 9. Do German banks act as delegated exercisers of equity's control rights?; 10. Conclusion.

What People are Saying About This

Alfons Weichenrieder

This is a well-written book, timely also, on an important topic . . . The compilation of detailed empirical data and the thorough theoretical background of the discussion make the book a most valuable contribution to the corporate finance literature. In addition, a recent series of spectacular firm crashes that occurred despite the monitoring by bank supervisors has made the overall topic of the book a number one issue in the political debate.

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