Detail Did J. P. Morgan's Men Add Liquidity? Corporate Investment, Cash Flow, and Financial Structure at the Turn of the Twentieth Century (The Journal of Finance, Vol.50 No.2, June 1995) Bibliografi Author: Ramirez, Carlos D. Bahasa: (EN )     Penerbit: Blackwell Publishing     Tempat Terbit: Oxford    Tahun Terbit: 1995     Jenis: Article - diterbitkan di jurnal ilmiah internasional Fulltext: Carlos D. Ramirez.pdf (442.26KB; 3 download) [Informasi yang berkaitan dengan koleksi ini di internet] Abstract This article presents evidence suggesting that the relationship that existed between the partnership of J. P. Morgan and its client firms partially resolved the latter's external financing problems by diminishing the principal-agent and asymmetric information problems. I estimate and compare investment regression equations for a sample of Morgan-affiliated companies and a control group of nonaffiliated companies. The econometric results seem to indicate that companies not affiliated to the House of Morgan were liquidity constrained. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Lihat Sejarah Pengadaan  Konversi Metadata   Kembali

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