Banks and Securities Markets: Corporate Financing in Germany and the United Kingdom.

Banks and Securities Markets: Corporate Financing in Germany and the United Kingdom.

This paper compares corporate financing in the German bank-based and U.K. market-based systems. Large German firms pay out a lower proportion of their profits as dividends and finance a larger proportion of their investments from retentions. German banks extend more long-term finance to medium-sized...

Полное описание

Библиографические подробности
Главные авторы:	Mayer, C, Alexander, I
Формат:	Journal article
Язык:	English
Опубликовано:	1990

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