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    The Loan Contract: Mechanism of Financial Control


    Pecchenino, Rowena A. (1988) The Loan Contract: Mechanism of Financial Control. Economic Journal, 98 (389). pp. 126-137. ISSN 0013-0133

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    Abstract

    Industry banking, the style of banking under which a single bank satisfies all the external financial needs of an industry, was recognised by Alfred Marshall (i9I9) as a positive force in the development of new industries. Today many of Marshall's reference industries have reached maturity but their industry banks continue to play an active role not only in financing their production and expansion, but also in their management (Cable, I985; Prais, 198I). To understand the economic impact of industry banking, this paper explores one aspect of it: bank directed industry coordination and control.

    Item Type: Article
    Keywords: The Loan; Contract; Mechanism; Financial; Control;
    Academic Unit: Faculty of Social Sciences > Economics, Finance and Accounting
    Item ID: 8515
    Depositing User: Prof. Rowena Pecchenino
    Date Deposited: 26 Jul 2017 09:34
    Journal or Publication Title: Economic Journal
    Publisher: Wiley
    Refereed: Yes
    URI:

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