Caroline Fohlin
Dados Biográficos
| ID | 1078786 |
|---|---|
| NOME | Caroline Fohlin |
| PRENOMES | Caroline |
| SOBRENOME | Fohlin |
| ASSINATURA | FOHLIN C |
| AFILIAÇÕES | California Institute of Technology |
| ORCID | 0000-0002-1380-2788 |
| VERIFICADO | Sim |
| TOTAL DE OBRAS | 12 |
| TOTAL DE CITAÇÕES | 45 |
| TOTAL COMO AUTOR | 12 |
| TOTAL COMO EDITOR | 0 |
| PRIMEIRO ANO DE PUBLICAÇÃO | 1998 |
| ANO MAIS RECENTE DE PUBLICAÇÃO | 2026 |
| ÍNDICE H | 5 |
The spatial origins of venture capital
Finance capitalism in industrializing autocracies
Russia and Germany both industrialized later than England and the United States, and both countries retained authoritarian autocracies until World War I. On the basis of a large collection of firm-level balance sheets, this paper presents new evidence revealing the likely impact of these systematic disparities on emerging industry's access to capital. Contrary to the standard 'economic backwardness' and 'law and finance' literatures, we argue tha…
Stock returns and the Spanish flu, 1918–1920
Common stock returns in the pre-WWI Berlin Stock Exchange
Asymmetric Information, Market Power, and the Underpricing of New Stock Issues in Germany, 1882-1892
Investors in new stock issues in Germany in the 1880s experienced low spreads between the price they paid for stock and the price at which they could sell the stock in the market. Stock issuing companies paid substantial fees to underwriting banks, and these costs increased with the underwriter's market share. Bank's faced lower issuing costs than did nonfinancial firms. These patterns are consistent with a situation in which underwriters exploit…
Does Civil Law Tradition and Universal Banking Crowd out Securities Markets? Pre-World War I Germany as Counter-Example
This article poses three main questions: Does the civil-law tradition favor large, concentrated, universal banking systems? Does this sort of legal system work against the development of active securities markets? Do powerful universal banks (whether or not legal tradition lies at the root of bank power) replace securities markets or prevent them from operating efficiently? Based on evidence from Pre-World War I Germany, this paper argues that th…
Richard Deeg, Financial Capitalism Unveiled
Corporate Capital Structure and the Influence of Universal Banks in Pre- World War I Germany
Economic historians have credited the German universal banks with lowering the costs and raising the efficiency of corporate finance. Because of the apparent monitoring they represent, formal bank relationships are thought to ameliorate problems of asymmetric information that normally limit firms’’ access to outside finance. In a large sample of German firms circa 1904, bank oversight is associated with slightly higher leverage but not with great…
The Balancing Act of German Universal Banks and English Deposit Banks, 1880-1913
This article uses aggregate bank balance sheet data to investigate systematic differences in the financial makeup and activities of universal and specialised banks over the decades leading up to World War One. The results show that British and German banks structured assets similarly, but German banks held more liquid assets relative to short?term liabilities. Furthermore, German banks apparently owned few industrial equities and did so mainly be…
Universal Banking in Pre-World War I Germany
The rise of interlocking directorates in imperial Germany
The rise of interlocking directorates in imperial Germany 1
Fiduciariand Firm Liquidity Constraints
Universal Banking in Pre-World War I Germany
The rise of interlocking directorates in imperial Germany
The rise of interlocking directorates in imperial Germany 1
Does Civil Law Tradition and Universal Banking Crowd out Securities Markets? Pre-World War I Germany as Counter-Example
This article poses three main questions: Does the civil-law tradition favor large, concentrated, universal banking systems? Does this sort of legal system work against the development of active securities markets? Do powerful universal banks (whether or not legal tradition lies at the root of bank power) replace securities markets or prevent them from operating efficiently? Based on evidence from Pre-World War I Germany, this paper argues that th…
Fiduciariand Firm Liquidity Constraints
Asymmetric Information, Market Power, and the Underpricing of New Stock Issues in Germany, 1882-1892
Investors in new stock issues in Germany in the 1880s experienced low spreads between the price they paid for stock and the price at which they could sell the stock in the market. Stock issuing companies paid substantial fees to underwriting banks, and these costs increased with the underwriter's market share. Bank's faced lower issuing costs than did nonfinancial firms. These patterns are consistent with a situation in which underwriters exploit…
The Balancing Act of German Universal Banks and English Deposit Banks, 1880-1913
This article uses aggregate bank balance sheet data to investigate systematic differences in the financial makeup and activities of universal and specialised banks over the decades leading up to World War One. The results show that British and German banks structured assets similarly, but German banks held more liquid assets relative to short?term liabilities. Furthermore, German banks apparently owned few industrial equities and did so mainly be…
Fiduciariand Firm Liquidity Constraints
Universal Banking in Pre-World War I Germany
The rise of interlocking directorates in imperial Germany
The rise of interlocking directorates in imperial Germany 1
The Balancing Act of German Universal Banks and English Deposit Banks, 1880-1913
This article uses aggregate bank balance sheet data to investigate systematic differences in the financial makeup and activities of universal and specialised banks over the decades leading up to World War One. The results show that British and German banks structured assets similarly, but German banks held more liquid assets relative to short?term liabilities. Furthermore, German banks apparently owned few industrial equities and did so mainly be…
Corporate Capital Structure and the Influence of Universal Banks in Pre- World War I Germany
Economic historians have credited the German universal banks with lowering the costs and raising the efficiency of corporate finance. Because of the apparent monitoring they represent, formal bank relationships are thought to ameliorate problems of asymmetric information that normally limit firms’’ access to outside finance. In a large sample of German firms circa 1904, bank oversight is associated with slightly higher leverage but not with great…
Richard Deeg, Financial Capitalism Unveiled
Does Civil Law Tradition and Universal Banking Crowd out Securities Markets? Pre-World War I Germany as Counter-Example
This article poses three main questions: Does the civil-law tradition favor large, concentrated, universal banking systems? Does this sort of legal system work against the development of active securities markets? Do powerful universal banks (whether or not legal tradition lies at the root of bank power) replace securities markets or prevent them from operating efficiently? Based on evidence from Pre-World War I Germany, this paper argues that th…
Common stock returns in the pre-WWI Berlin Stock Exchange
Asymmetric Information, Market Power, and the Underpricing of New Stock Issues in Germany, 1882-1892
Investors in new stock issues in Germany in the 1880s experienced low spreads between the price they paid for stock and the price at which they could sell the stock in the market. Stock issuing companies paid substantial fees to underwriting banks, and these costs increased with the underwriter's market share. Bank's faced lower issuing costs than did nonfinancial firms. These patterns are consistent with a situation in which underwriters exploit…
Stock returns and the Spanish flu, 1918–1920
Finance capitalism in industrializing autocracies
Russia and Germany both industrialized later than England and the United States, and both countries retained authoritarian autocracies until World War I. On the basis of a large collection of firm-level balance sheets, this paper presents new evidence revealing the likely impact of these systematic disparities on emerging industry's access to capital. Contrary to the standard 'economic backwardness' and 'law and finance' literatures, we argue tha…
The spatial origins of venture capital
Economics (9 obras) · Business (7 obras) · Finance (7 obras) · Banking stability, regulation, efficiency (6 obras) · Corporate Finance and Governance (6 obras) · Finance (6 obras) · Political science (6 obras) · Financial system (5 obras) · Monetary economics (5 obras) · German (4 obras)