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Cover image for book American Commercial Banks in Corporate Finance, 1929-1941

American Commercial Banks in Corporate Finance, 1929-1941

A Study in Banking Concentrations
By:Go Kang Tia
Publisher:Taylor & Francis
Print ISBN:9780815333371
eText ISBN:9781136802836
Edition:1
Copyright:1999
Format:Reflowable

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First published in 1999. The present study does not challenge the argument that a managerial revolution occurred. It does modify the significance of the change by presenting evidence—for the first time—of the extent to which corporate managers themselves were beholden to major players in the financial sector—especially a small group of New York banks which served as the main suppliers of term loans (loans with maturity of 1-10 years) to industrial corporations.

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