search query: @author Allen, F. / total: 25
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| Author: | Allen, F. |
| Title: | Do financial institutions matter? |
| Journal: | Journal of Finance
2001 : AUG, VOL. 56:4, p. 1165-1175 |
| Index terms: | AGENCIES ASSETS FINANCIAL INSTITUTIONS INVESTMENT |
| Language: | eng |
| Abstract: | The focus in corporate finance is on agency problems. How do you ensure that managers act in shareholders' interersts? There is an inconsistency in assuming that when you give your money to a financial institution there is no agency problem, but when you give it to a firm there is. It is argued in this article that both areas need to take proper account of the role of financial institutions and markets. |
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