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Title:Relationship finance by banks and non-bank institutional investors: A review within the theory of the firm PDF Logo
Authors:Andreani, Ettore
Neuberger, Doris
Issue Date:2004
Series/Report no.:Thünen-series of applied economic theory 46
Abstract:In continental Europe, banks are more and more replaced by non-bank institutional investors in the financing and control of firms. This must not imply a shift to arm's length finance, if these institutional investors develop relationships with firms similar to the traditional longterm bank-firm relationship. The present paper differentiates between relationship banking and relationship investing within the theory of the firm and compares the financial and corporate control services provided by both arrangements.
Subjects:relationship banking
relationship investing
institutional investors
corporate governance
theory of the firm
Document Type:Working Paper
Appears in Collections:Thünen Series of Applied Economic Theory, Universität Rostock

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