메뉴 건너뛰기




Volumn 70, Issue 2, 2003, Pages 254-272

Does Bank Affiliation Mitigate Liquidity Constraints? Evidence from Germany's Universal Banks in the Pre-World War I Period

Author keywords

[No Author keywords available]

Indexed keywords


EID: 0242350500     PISSN: 00384038     EISSN: None     Source Type: Journal    
DOI: 10.2307/3648968     Document Type: Review
Times cited : (10)

References (44)
  • 1
    • 0000426451 scopus 로고
    • Capital market information and industrial performance: The role of west German banks
    • Cable, John. 1985. Capital market information and industrial performance: The role of west German banks. Economic Journal 95:118-32.
    • (1985) Economic Journal , vol.95 , pp. 118-132
    • Cable, J.1
  • 2
    • 0003229991 scopus 로고
    • The cost of rejecting universal banking: American finance in the German mirror, 1870-1914
    • edited by Naomi R. Lamoreaux and Daniel M. G. Raff. Chicago, IL: University of Chicago Press
    • Calomiris, Charles W. 1995. The cost of rejecting universal banking: American finance in the German mirror, 1870-1914. In Coordination and information: Historical perspectives on the organization of enterprise, edited by Naomi R. Lamoreaux and Daniel M. G. Raff. Chicago, IL: University of Chicago Press, pp. 257-315.
    • (1995) Coordination and information: Historical Perspectives on the Organization of Enterprise , pp. 257-315
    • Calomiris, C.W.1
  • 3
    • 21844492888 scopus 로고
    • Internal finance and investment: Evidence from the undistributed profit tax of 1936-1937
    • Calomiris, Charles W. and R. Glenn Hubbard. 1995. Internal finance and investment: Evidence from the undistributed profit tax of 1936-1937. Journal of Business 68:443-82.
    • (1995) Journal of Business , vol.68 , pp. 443-482
    • Calomiris, C.W.1    Glenn Hubbard, R.2
  • 5
    • 0001913662 scopus 로고
    • Did J.P. Morgan's men add value? An economist's perspective on financial capitalism
    • edited by Peter Temin. Chicago, IL: University of Chicago Press
    • DeLong, J. Bradford. 1991. Did J.P. Morgan's men add value? An economist's perspective on financial capitalism. In Inside the Business enterprise: Historical perspectives on the use of information, edited by Peter Temin. Chicago, IL: University of Chicago Press, pp. 205-36.
    • (1991) Inside the Business Enterprise: Historical Perspectives on the Use of Information , pp. 205-236
    • DeLong, J.B.1
  • 6
    • 0242270192 scopus 로고
    • 'Excess volatility' in the German stock market, 1876-1990: Appendix
    • DeLong, J. Bradford and Marco Becht. 1992. 'Excess volatility' in the German stock market, 1876-1990: Appendix. NBER working paper No. 4054.
    • (1992) NBER Working Paper No. 4054 , vol.4054
    • DeLong, J.B.1    Becht, M.2
  • 7
    • 47749120440 scopus 로고
    • Financial intermediation and delegated monitoring
    • Diamond, Douglas. 1984. Financial intermediation and delegated monitoring. Review of Economic Studies 51:393-414.
    • (1984) Review of Economic Studies , vol.51 , pp. 393-414
    • Diamond, D.1
  • 8
    • 84935413182 scopus 로고
    • Monitoring and reputation: The choice between bank loans and directly placed debt
    • Diamond, Douglas. 1991. Monitoring and reputation: The choice between bank loans and directly placed debt. Journal of Political Economy 99:689-721.
    • (1991) Journal of Political Economy , vol.99 , pp. 689-721
    • Diamond, D.1
  • 11
    • 0000470956 scopus 로고
    • Universal banks and German industrialization: A reappraisal
    • Edwards, Jeremy and Sheilah Ogilvie. 1995. Universal banks and German industrialization: A reappraisal. Economic History Review 49:427-46.
    • (1995) Economic History Review , vol.49 , pp. 427-446
    • Edwards, J.1    Ogilvie, S.2
  • 14
    • 0040250395 scopus 로고    scopus 로고
    • Relationship banking, liquidity, and the German industrialization
    • Fohlin, Caroline M. 1998. Relationship banking, liquidity, and the German industrialization. Journal of Finance 53:1737-58.
    • (1998) Journal of Finance , vol.53 , pp. 1737-1758
    • Fohlin, C.M.1
  • 15
    • 0012621746 scopus 로고    scopus 로고
    • Universal banking in pre-World War I Germany: Model or myth?
    • Fohlin, Caroline M. 1999. Universal banking in pre-World War I Germany: Model or myth? Explorations in Economic History 36:305-13.
    • (1999) Explorations in Economic History , vol.36 , pp. 305-313
    • Fohlin, C.M.1
  • 17
    • 0000028238 scopus 로고
    • Evidence on the role of cash flow in reduced-form investment equations
    • Gilchrist, Simon and Charles Himmelberg. 1995. Evidence on the role of cash flow in reduced-form investment equations. Journal of Monetary Economics 36:541-72.
    • (1995) Journal of Monetary Economics , vol.36 , pp. 541-572
    • Gilchrist, S.1    Himmelberg, C.2
  • 20
    • 0000026346 scopus 로고
    • Bank monitoring and investment: Evidence from the changing structure of Japanese corporate banking relationships
    • edited by R. Glenn Hubbard. Chicago, IL: University of Chicago Press
    • Hoshi, Takeo, Anil Kashyap and David Scharfstein. 1990. Bank monitoring and investment: Evidence from the changing structure of Japanese corporate banking relationships. In Asymmetric information, corporate finance, and investment, edited by R. Glenn Hubbard. Chicago, IL: University of Chicago Press, pp. 105-26.
    • (1990) Asymmetric Information, Corporate Finance, and Investment , pp. 105-126
    • Hoshi, T.1    Kashyap, A.2    Scharfstein, D.3
  • 21
    • 0002308919 scopus 로고
    • Corporate structure, liquidity, and investment: Evidence from Japanese industrial groups
    • Hoshi, Takeo, Anil Kashyap and David Scharfstein. 1991. Corporate structure, liquidity, and investment: Evidence from Japanese industrial groups. Quarterly Journal of Economics 106:33-60.
    • (1991) Quarterly Journal of Economics , vol.106 , pp. 33-60
    • Hoshi, T.1    Kashyap, A.2    Scharfstein, D.3
  • 22
    • 0010895224 scopus 로고
    • Das Verhältnis del deutschen Grossbanken zur Industrie mit besonderer Berücksichtigung der Eisenindustrie
    • Leipzig, Germany: Duncker & Humblot
    • Jeidels, Otto. 1905. Das Verhältnis del deutschen Grossbanken zur Industrie mit besonderer Berücksichtigung der Eisenindustrie. Staats- und sozialwissenschaftliche Forschungen, Band XXIV, Heft II, 1-217. Leipzig, Germany: Duncker & Humblot.
    • (1905) Staats- und Sozialwissenschaftliche Forschungen , vol.24 , Issue.2 , pp. 1-217
    • Jeidels, O.1
  • 23
    • 0003112060 scopus 로고    scopus 로고
    • Do investment-cash flow sensitivities provide useful measures of financing constraints?
    • Kaplan, Steve N. and Luigi Zingales. 1997. Do investment-cash flow sensitivities provide useful measures of financing constraints? Quarterly Journal of Economics 112:169-215.
    • (1997) Quarterly Journal of Economics , vol.112 , pp. 169-215
    • Kaplan, S.N.1    Zingales, L.2
  • 24
    • 0242333465 scopus 로고
    • Entrepreneurs and managers in German industrialization
    • edited by P. Mathias and M. Postan. Chapter X. Cambridge, UK: Cambridge University Press
    • Kocka, Jürgen. 1978. Entrepreneurs and managers in German industrialization. In The Cambridge economic history of Europe, Vol. II, edited by P. Mathias and M. Postan. Chapter X. Cambridge, UK: Cambridge University Press, pp. 492-589.
    • (1978) The Cambridge Economic History of Europe , vol.2 , pp. 492-589
    • Kocka, J.1
  • 27
    • 0002520230 scopus 로고
    • The role of financial corporate grouping
    • edited by M. Aoki. New York, NY: North Holland
    • Nakatani, Iwao. 1984. The role of financial corporate grouping, In Economic analysis of the Japanese firm, edited by M. Aoki. New York, NY: North Holland, pp. 227-58.
    • (1984) Economic Analysis of the Japanese Firm , pp. 227-258
    • Nakatani, I.1
  • 28
    • 84972140757 scopus 로고
    • German banks and German growth, 1883-1913: An empirical view
    • Neuberger, Hugh and H. H. Stokes. 1974. German banks and German growth, 1883-1913: An empirical view Journal of Economic History 34:710-31.
    • (1974) Journal of Economic History , vol.34 , pp. 710-731
    • Neuberger, H.1    Stokes, H.H.2
  • 29
    • 0042887763 scopus 로고    scopus 로고
    • Bank relationships: A review
    • edited by P. Harker and S.A. Zenios. Cambridge, UK: Cambridge University Press
    • Ongena, Steven and D. C. Smith. 2000. Bank relationships: A review. In The performance of financial institutions, edited by P. Harker and S.A. Zenios. Cambridge, UK: Cambridge University Press, pp. 221-58.
    • (2000) The Performance of Financial Institutions , pp. 221-258
    • Ongena, S.1    Smith, D.C.2
  • 31
    • 84977702514 scopus 로고
    • Insiders and outsiders: The choice between informed and arm's-length debt
    • Rajan, Raghuran. 1992. Insiders and outsiders: The choice between informed and arm's-length debt. Journal of Finance 47:1367-400.
    • (1992) Journal of Finance , vol.47 , pp. 1367-1400
    • Rajan, R.1
  • 32
    • 84993897561 scopus 로고
    • Did J. P. Morgan's men add liquidity? Corporate investment, cash flow, and financial structure at the turn of the twentieth century
    • Ramírez, Carlos D. 1995. Did J. P. Morgan's men add liquidity? Corporate investment, cash flow, and financial structure at the turn of the twentieth century Journal of Finance 50:661-78.
    • (1995) Journal of Finance , vol.50 , pp. 661-678
    • Ramírez, C.D.1
  • 33
    • 17944385767 scopus 로고    scopus 로고
    • Did Glass-Steagall increase the cost of external finance for corporate investment? Evidence from bank and insurance company affiliations
    • Ramírez, Carlos D. 1999. Did Glass-Steagall increase the cost of external finance for corporate investment? Evidence from bank and insurance company affiliations Journal of Economic History 59:372-96.
    • (1999) Journal of Economic History , vol.59 , pp. 372-396
    • Ramírez, C.D.1
  • 34
    • 0042103005 scopus 로고
    • National Monetary Commission. Washington D.C.: U.S. Government Printing Office
    • Riesser, Jacob. 1911. The great German banks and their concentration. National Monetary Commission. Washington D.C.: U.S. Government Printing Office.
    • (1911) The Great German Banks and Their Concentration
    • Riesser, J.1
  • 35
    • 0000354615 scopus 로고
    • Asymmetric information, liquidity constraints, and Canadian investment
    • Schaller, Huntly. 1993. Asymmetric information, liquidity constraints, and Canadian investment, Canadian Journal of Economics 26:552-74.
    • (1993) Canadian Journal of Economics , vol.26 , pp. 552-574
    • Schaller, H.1
  • 37
    • 84977733424 scopus 로고
    • Asymmetric information, bank lending and implicit contracts: A stylized model of customer relationships
    • Sharpe, Steven A. 1990. Asymmetric information, bank lending and implicit contracts: A stylized model of customer relationships Journal of Finance 45:1068-87.
    • (1990) Journal of Finance , vol.45 , pp. 1068-1087
    • Sharpe, S.A.1
  • 38
    • 0000342340 scopus 로고
    • Credit rationing in markets with imperfect information
    • Stiglitz, Joseph and Andrew Weiss. 1981. Credit rationing in markets with imperfect information American Economic Review 71:393-410.
    • (1981) American Economic Review , vol.71 , pp. 393-410
    • Stiglitz, J.1    Weiss, A.2
  • 39
    • 0003348982 scopus 로고
    • Germany: 1815-1870
    • edited by Rondo Cameron et al. New York: Oxford University Press
    • Tilly, Richard. 1967. Germany: 1815-1870. In Banking in the early stages of industrialization, edited by Rondo Cameron et al. New York: Oxford University Press, pp. 151-82.
    • (1967) Banking in the Early Stages of Industrialization , pp. 151-182
    • Tilly, R.1
  • 40
    • 0003365842 scopus 로고
    • Capital formation in Germany in the nineteenth century
    • edited by Peter Mathias and M. Postan. Cambridge, U.K.: Cambridge University Press
    • Tilly, Richard. 1978. Capital formation in Germany in the nineteenth century. In The Cambridge economic history of Europe, Vol. VII, edited by Peter Mathias and M. Postan. Cambridge, U.K.: Cambridge University Press, pp. 382-451.
    • (1978) The Cambridge Economic History of Europe , vol.7 , pp. 382-451
    • Tilly, R.1
  • 41
    • 0000782936 scopus 로고
    • German banking, 1850-1914: Development assistance for the strong
    • Tilly, Richard. 1986. German banking, 1850-1914: Development assistance for the strong. Journal of European Economic History 15:113-52.
    • (1986) Journal of European Economic History , vol.15 , pp. 113-152
    • Tilly, R.1
  • 43
    • 0001258462 scopus 로고
    • Long term financial contracts can mitigate the adverse selection problem in project financing
    • Webb, David. 1991. Long term financial contracts can mitigate the adverse selection problem in project financing. International Economic Review 32:305-20.
    • (1991) International Economic Review , vol.32 , pp. 305-320
    • Webb, D.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.