haku: @indexterm CAPITAL STRUCTURE OF COMPANIES / yhteensä: 353
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| Tekijä: | Albach, H. |
| Otsikko: | Bankbeziehungen und Wettbewerbfähigkeit |
| Lehti: | Zeitschrift für Betriebswirtschaft
1998 : ERGÄNZUNGSHEFT 2/98, p. 1-27 |
| Asiasana: | BANKS INVESTMENTS COMPETITION INDUSTRIES CREDIT RATIONING CAPITAL STRUCTURE OF COMPANIES |
| Kieli: | ger |
| Tiivistelmä: | A portfolio model of capital structure us used to analyze the influence of banks of investment revisions and profitability of industrial firms. Bank monitoring takes on various forms: equity ownerships, board memberships, credit rationing, and services in convection with floating new equity. It is shown that banks ration short term credit for all firms and long-term credit for firms where banks do not have a share in the equity or where they do not have board memberships. Bank behavior is explained by applying signalling theory. |
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