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Finance capitalism and Germany's rise to industrial power /

Record Type:	Language materials, printed : Monograph/item
Title/Author:	Finance capitalism and Germany's rise to industrial power // Caroline Fohlin.
remainder title:	Finance Capitalism & Germany's Rise to Industrial Power
Author:	Fohlin, Caroline,
Description:	1 online resource (xii, 392 pages) :digital, PDF file(s). :
Notes:	Title from publisher's bibliographic system (viewed on 05 Oct 2015).
Subject:	Banks and banking - Germany. -
Online resource:	https://doi.org/10.1017/CBO9780511510908
ISBN:	9780511510908 (ebook)

Finance capitalism and Germany's rise to industrial power /
Fohlin, Caroline,1966-

Finance capitalism and Germany's rise to industrial power /Finance Capitalism & Germany's Rise to Industrial PowerCaroline Fohlin. - 1 online resource (xii, 392 pages) :digital, PDF file(s). - Studies in macroeconomic history. - Studies in macroeconomic history..

Title from publisher's bibliographic system (viewed on 05 Oct 2015).

Introduction --1.

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.

ISBN: 9780511510908 (ebook)Subjects--Topical Terms:

784554
Banks and banking
--Germany.

LC Class. No.: HG3048 / .F655 2007

Dewey Class. No.: 332.10943

Finance capitalism and Germany's rise to industrial power /
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245 1 0 $a Finance capitalism and Germany's rise to industrial power / $c Caroline Fohlin.
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264 1 $a Cambridge : $b Cambridge University Press, $c 2007.
300 $a 1 online resource (xii, 392 pages) : $b digital, PDF file(s).
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490 1 $a Studies in macroeconomic history
500 $a Title from publisher's bibliographic system (viewed on 05 Oct 2015).
505 0 0 $g 1. $t Introduction -- $g 2. $t The development of the German corporate finance system until 1913 -- $g 3. $t Theoretical perspectives on banking and financial system structure -- $g 4. $t The development and impact of universal banking -- $g 5. $t Corporate governance relationships : patterns and explanations -- $g 6. $t Firm financing and performance -- $g 7. $t Securities markets -- $g 8. $t Upheaval and recovery -- $g 9. $t Conclusion.
520 $a 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.
650 0 $a Banks and banking $z Germany. $3 784554
650 0 $a Universal banks $z Germany. $3 1440011
650 0 $a Industrialization $z Germany. $3 1440012
776 0 8 $i Print version: $z 9780521810203
830 0 $a Studies in macroeconomic history. $3 1294176
856 4 0 $u https://doi.org/10.1017/CBO9780511510908