Relationship Finance by Banks and Non-Bank Institutional Investors: A Review within the Theory of the Firm

Ettore Andreani and Doris Neuberger ()

No 46, Thuenen-Series of Applied Economic Theory from University of Rostock, Institute of Economics, Germany

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

Keywords: relationship banking; relationship investing; banks; institutional investors; corporate governance; theory of the firm (search for similar items in EconPapers)
JEL-codes: G20 G30 L14 L22 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-fin and nep-fmk
Date: 2004
View list of references

Downloads: (external link)
http://www.wiwi.uni-rostock.de/fileadmin/Institute ... pdf/wp046thuenen.pdf First version, 2004 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:ros:wpaper:46

Access Statistics for this paper

More papers in Thuenen-Series of Applied Economic Theory from University of Rostock, Institute of Economics, Germany
Contact information at EDIRC.
Series data maintained by Doris Neuberger ().