search query: @author Schmidt, R. H. / total: 10
reference: 2 / 10
| Author: | Schmidt, R. H. Hackethal, A. Tyrell, M. |
| Title: | The Convergence of Financial Systems in Europe |
| Journal: | Schmalenbach Business Review
2002 : 1, p. 7-54 |
| Index terms: | EUROPE FINANCE FINANCIAL SERVICES ANALYTICAL REVIEW |
| Language: | eng |
| Abstract: | Since the beginning of the 1990s, it has been widely expected that the implementation of the European Single Market would lead to a rapid convergence of Europe's financial systems. In this paper the authors show that at least in the period prior to the introduction of the common currency, this expected convergence did not materialise. The authors' empirical studies on the significance of various institutions within the financial sectors, on the financing patterns of firms in various countries, and on the predominant mechanisms of corporate governance, which are summarized and placed in a broader context in this paper, point to few, if any, signs of a convergence at a fundamental or structural level between the German, British, and French financial systems. |
SCIMA