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Bank on steel? Joint-stock banks and the rationalisation of the British interwar steel industry

Abstract:

This study investigates the impact of joint-stock banks on the rationalisation of the British interwar steel industry. A new panel data set of steel firm characteristics covering 1920 to 1938 is used to document rationalization and bank involvement, including interlocking directorships, with both found to be more extensive than previously thought. A set of all potential amalgamation pairs is created and used in a logit analysis of the determinants of mergers. Bank involvement with firms in...

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Publication status:
Published

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Publisher:
University of Oxford
Series:
Oxford Economic and Social History Working Papers
Publication date:
2012-01-01
Paper number:
93
Keywords:
Pubs id:
1143842
Local pid:
pubs:1143842
Deposit date:
2020-12-15

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