haku: @indexterm FINANCIAL SERVICES / yhteensä: 273
viite: 172 / 273
| Tekijä: | Schmidt, R. H. Tyrell, M. |
| Otsikko: | Professional forum: Financial systems, corporate finance and corporate governance |
| Lehti: | European Financial Management
1997 : NOV, VOL. 3:3, p. 333-361 |
| Asiasana: | FINANCIAL SERVICES COUNTRY COMPARISONS CORPORATE FINANCE CORPORATE GOVERNANCE |
| Kieli: | eng |
| Tiivistelmä: | This study explores the validity of the distinction according what financial systems of industrialized countries are usually classified as being either capital market- or bank-dominated. It analyses two specific roles of the financial sector vis-a-vis the enterprice sector: the role of financing or funding business and the role of capital markets and banks, respectively, in the context of corporate governance. The financing patterns are quite similar between countries while corporate governance systems are dissimilar. The study discusses how these divergent findings could be made compatible with existing theories and what implications they may have for the question of whether there is a tendency for corporate governance systems in different countries to become as similar as corporate financing patterns are. |
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