Economics at your fingertips  

How Is Investment Financed? A Study of Germany, Japan, the United Kingdom and the United States

Jenny Corbett () and Tim Jenkinson ()

The Manchester School of Economic & Social Studies, 1997, vol. 65, issue 0, 69-93

Abstract: The aims of this paper are, first, to construct a consistent comparative set of data on the sources of finance for investment over the period 1970-94 for the United Kingdom, United States, Germany, and Japan, and, second, to challenge conventional views of the international differences in financing patterns. The authors find that there is little evidence to support the view that Germany is a 'bank financed' system nor that the United Kingdom or United States are 'market financed.' While bank finance is more important in Japan, there has been a steady decline in the proportion of investment financed by banks over the last twenty-five years. Copyright 1997 by Blackwell Publishers Ltd and The Victoria University of Manchester

Date: 1997
References: Add references at CitEc
Citations: View citations in EconPapers (36) Track citations by RSS feed

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:

Access Statistics for this article

More articles in The Manchester School of Economic & Social Studies from University of Manchester Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().

Page updated 2021-06-17
Handle: RePEc:bla:manch2:v:65:y:1997:i:0:p:69-93