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Investment policy, internal financing and ownership concentration in the UK

Goergen, Marc (contributor); Renneboog, Luc (contributor) - 2000 - [Elektronische Ressource]

This paper investigates whether investment spending of firms is sensitive to the availability of internal funds. Imperfect capital markets create a hierarchy for the different sources of funds such that investment and financial decisions are not independent. The relation between corporate...

Persistent link: https://www.econbiz.de/10001537200

The managerial labour market and the governance role of shareholder control structures in the UK

Renneboog, Luc (contributor); … - 2002 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001692443

When do German firms change their dividends?

Correia da Silva Domingos, Luis (contributor); … - 2002 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001692479

Does good corporate governance lead to stronger productivity growth?

Köke, F. Jens (contributor); Renneboog, Luc (contributor) - 2002 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001718048

Lock-in agreements in venture capital backed UK IPOs

Espenlaub, Susanne; Goergen, Marc; Khurshed, Arif; … - 2002 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001692035

Hamlet without the Prince of Denmark: Relationship banking and conditionality lending in the London market for government debt, 1815-1913

Flandreau, Marc; Zendejas, Flores; Huitzilihuitl, Juan - C.E.P.R. Discussion Papers - 2010

This paper offers a theory of conditionality lending in 19th-century international capital markets. We argue that ownership of reputation signals by prestigious banks rendered them able and willing to monitor government borrowing. Monitoring was a source of rent, and it led bankers to support...

Persistent link: https://www.econbiz.de/10008554223

Black Man’s Burden: Measured Philanthropy in the British Empire, 1880-1913

Accominotti, Olivier; Flandreau, Marc; Rezzik, Riad; … - C.E.P.R. Discussion Papers - 2008

Ferguson and Schularick (2006) recently provided a measure of the effect of Empire subjection on borrowing countries’ interest rates. They find this effect to be large and significant, ranging between 80 to 180 basis points. We argue that their methodology is inadequate and that their...

Persistent link: https://www.econbiz.de/10005666472

Crises and Punishment: Moral Hazard and the Pre-1914 International Financial Architecture

Flandreau, Marc - C.E.P.R. Discussion Papers - 2003

remedies that were commonly applied one century ago and find that the international financial world was fairly similar to the …

Persistent link: https://www.econbiz.de/10005791208

Monetary Union, Trade Integration, and Business Cycles in 19th Century Europe: Just Do It

Flandreau, Marc; Maurel, Mathilde - C.E.P.R. Discussion Papers - 2001

This Paper seeks to trace the impact of monetary arrangements on trade integration and business cycle correlation, focusing on Europe in the late 19th century period as a guide for modern debates. For this purpose, we first estimate a gravity model and show that monetary arrangements were...

Persistent link: https://www.econbiz.de/10005791820

Caveat Emptor: Coping With Sovereign Risk Without the Multilaterals

Flandreau, Marc - C.E.P.R. Discussion Papers - 1998

This paper studies how private banks dealt with sovereign risk before World War I. At that time there was no … period into the largest international bank in a country that was the second largest world creditor. In 1871, Crédit Lyonnais … it operated before World War I: given the prominence of Crédit Lyonnais on the international scene, its perceptions …

Persistent link: https://www.econbiz.de/10005656319