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A widely recognized paper by Colin Mayer (1988) has led to a profound revision of academicthinking about financing patterns of corporations in different countries. Using flow-of-funds datainstead of balance sheet data, Mayer and others who followed his lead found that internalfinancing is the...
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questions is that there is still today a surprisingly high level of diversity in finance. This raises the two questions …
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of bank competition on firms' access to finance. They find that low competition, as measured by high values of the Lerner … index, diminishes firms' access to finance, while commonly-used bank concentration measures are not robust predictors of … firms' access to finance. In addition, they find that the impact of competition on access to finance depends on the …
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the hardcopy version), which portrayed the first results of a new strategy in the field of development finance implemented … development finance, the paper provides information about the shareholder composition and the investment portfolio of what is at …
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This book is both a reference book on Germany's financial system and a contribution to the economic debate about its status at the beginning of the twenty-first century. In giving a comprehensive account of the many facets of the system, it covers corporate governance, relationship lending,...
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