American Commercial Banks in Corporate Finance, 1929-1941
Author | : Go Tian Kang |
Publisher | : Routledge |
Total Pages | : 452 |
Release | : 1999-08-01 |
ISBN-10 | : 9781136802836 |
ISBN-13 | : 1136802835 |
Rating | : 4/5 (835 Downloads) |
Download or read book American Commercial Banks in Corporate Finance, 1929-1941 written by Go Tian Kang and published by Routledge. This book was released on 1999-08-01 with total page 452 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1999. The present study does not challenge the argument that a managerial revolution occurred. It does modify the significance of the change by presenting evidence—for the first time—of the extent to which corporate managers themselves were beholden to major players in the financial sector—especially a small group of New York banks which served as the main suppliers of term loans (loans with maturity of 1-10 years) to industrial corporations.