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The Financing of Industry, 1970-1989: An International Comparison.

Abstract:

This paper constructs a comparative set of data on the sources of finance for investment for the UK, United States, Germany, and Japan and challenges some conventional views of international differences. We document the problems of international comparisons and argue that net sources and uses data based on national income accounts provide the most consistent information. We conclude that there is no "market-based" Anglo-U.S. pattern of finance. Most countries are internally financed with smal...

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Journal:
Journal of the Japanese and International Economies
Volume:
10
Publication date:
1996-01-01
URN:
uuid:ee6c5ef0-353a-471e-b2c3-e32bc8b5b629
Local pid:
oai:economics.ouls.ox.ac.uk:11070
Language:
English

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