| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP497 |
| DP497 Banks, Finance and Investment in West Germany since 1970 | |
| Jeremy Edwards | |
| 发表日期 | 1991 |
| 出版年 | 1991 |
| 语种 | 英语 |
| 摘要 | The paper addresses the following questions. Does bank lending comprise a relatively large amount of finance for investment in Germany, and, if so, is this a consequence of bank representation on companies' supervisory boards (which, it is argued, reduces information asymmetries)? How strong is the degree of control of equity voting rights exerted by banks? To what extent does bank representation on supervisory boards constrain managements in such a way that internal efficiency is ensured? The analysis of this paper for in the period 1970-85 casts some doubt on the argument that German banks are an important factor in good German economic performance. |
| 关键词 | Banking Corporate finance Equity voting rights investment West germany |
| URL | https://cepr.org/publications/dp497 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/529654 |
| 推荐引用方式 GB/T 7714 | Jeremy Edwards. DP497 Banks, Finance and Investment in West Germany since 1970. 1991. |
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