Bank-Industry versus Stock Market-Industry Relationships

This book focuses on a variety of themes concerning the relationship between financial systems in a broader sense and firms' growth in historical perspective in some European countries. The chapters in this book were originally published as a special issue of Business History.

Autorentext

José L. García-Ruiz is Professor of Economic History at the Complutense University of Madrid (Spain). His lines of research are business history, financial history and industrial history. Between 2015 and 2019 he was Editor-in-chief of Investigaciones de Historia Económica-Economic History Research (IHE-HER), the academic journal of the Spanish Economic History Association.

Michelangelo Vasta is Professor of Economic History at the University of Siena (Italy). He received his D.Phil at University of Oxford. His main fields of interest are economics of innovation in the long run perspective, institutions and economic performance, the economic history of living standard, entrepreneurship and trade. He pays particular attention to historical dataset and quantitative methods. He has published extensively in the major economic history and business history journals.

Inhalt

Introduction- Financing firms: Beyond the dichotomy between banks and markets 1. The coevolution of banks and corporate securities markets: The financing of Belgium's industrial take-off in the 1830s 2. Did French stock markets support firms of the Second Industrial Revolution? 3. Debating banking in Britain: The Colwyn committee, 1918 4. Corporate networks in post-war Britain: Do finance- industry relationships matter for corporate borrowing? 5. The banking-industry relationship in Italy: Large national banks and small local banks compared (1913- 1936)