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American Commercial Banks in Corporate Finance, 1929-1941 : A Study in Banking Concentrations, EPUB eBook

American Commercial Banks in Corporate Finance, 1929-1941 : A Study in Banking Concentrations EPUB

Part of the Financial Sector of the American Economy series

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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.

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