Investment Banks as Corporate Monitors in the Early 20th Century United States
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下载链接：
https://www.nber.org/papers/w20544
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资源简介：
We use the Clayton Antitrust Act of 1914 to study the effect of bankers on corporate boards in facilitating access to external finance. In the early twentieth century, securities underwriters commonly held directorships with American corporations; this was especially true for railroads, which were
提供机构：
美国国家经济研究局
创建时间：
2014-10-01
