The Role of Bank Funding for the Corporate Sector: the Netherlands in an International Perspective
Volume: 5 Topics in Corporate Finance
Price: € 20.00
by A. Saunders and A. Schmeits
2002, ISBN 90-805728-5-3
A key public policy issue is whether corporates have smooth access to outside finance. Of particular relevance are bank loans, the primary source of outside finance for corporations in Continental Europe.
To shed light on this important issue , the Amsterdam Center for Corporate Finance and the Ministry of Economic Affairs jointly commissioned a study on 'The Role of Bank Funding for the Corporate Sector: the Netherlands in an International Perspective'. Professor Anthony Saunders, the John M. Schiff Professor of Banking and Finance at the Stern School of Business of New York University, together with Dr. Anjolein Schmeits, assistant professor at Washington University in St. Louis, have undertaken the study. This publication by the ACCF reports on their findings.
While Saunders and Schmeits are not negative about the efficiency of the Dutch financial sector in general, they do point at some frictions in the provision of credit, particularly for small and medium-sized businesses. Several other findings are reported, contrasting the Netherlands with other European countries and the US.
We hope that you enjoy reading it, and that this publication contributes to a constructive debate on the efficiency of the Dutch financial sector.