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| Author: | Friderichs, H. Paranque, B. |
| Title: | Structures of corporate finance in Germany and France: a comparative analysis for West German and French incorporated enterprises |
| Journal: | Jahrbücher für Nationalökonomie und Statistik
2001 : OCT, VOL. 221:5-6, p. 648-671 |
| Index terms: | Corporate finance Capital structure of companies Institutional economics Financial structure Germany France |
| Language: | eng |
| Abstract: | The author examines the balance sheet structures of both French and west German incorporated firms in manufacturing and their evolution during the last business cycle in the late eighties and early nineties. The point of departure is to focus on the relative importance of the different financing sources used by the incorporated enterprises in the two countries. This evidence is considered in the context of capital structure theory with particular reference to the architecture and functioning mechanisms of the corporate financing systems in Germany and France. |
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