Banks, Finance and Investment in Germany - Hardcover

Edwards, Jeremy; Fischer, Klaus

Hardcover

ISBN 10: 0521453488 ISBN 13: 9780521453486

Publisher: Cambridge University Press, 1994

Synopsis

This book provides a critical analysis of widespread claims about the merits of the "bank-based" German system of investment finance. The purpose of the book is to provide an analytical foundation for these claims, and to confront them with empirical evidence from the German economy in the postwar period. The authors show that these claims are not supported by the evidence. This is an important finding, as it reveals that there is no basis for the view that the German system of investment finance is one that should be emulated by other countries.

About this title

Book Description

This critical analysis of widespread claims about the merits of the "bank-based" German system of investment finance provides an analytical foundation for these claims, and confronts them with empirical evidence from the German economy in the postwar period.

Review

"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." Economica

"The authors should be applauded for concentrating on the thorough and fair testing of a hypothesis." Daniel Hardy, Finance & Development

Edition details

• Publisher: Cambridge University Press
• Publication date: 1994
• ISBN 10: 0521453488
• ISBN 13: 9780521453486
• Binding: Hardcover
• Language: English
• Number of pages: 264