This paper uses a large firm-level data set of UK companies and information on their pre-crisis lending relationships to identify the causal links from changes in credit supply to the real economy following the 2008 financial crisis. Controlling for demand in the product market, we find that the...

Intro -- Note to the Paperback Edition -- Acknowledgments -- Contents -- Part I - Introduction: Scale and Scope -- 1. The Modern Industrial Enterprise -- 2. Scale, Scope, and Organizational Capabilities -- Part II - The United States: Competitive Managerial Capitalism -- 3. The Foundations of...