RésuméCet article explore la mutation sociologique des cadres dirigeants au sein des banques d’affaires Lazard Frères et Rothschild & Cie. En utilisant des entretiens semi-directifs, il est d’abord mis en évidence une transformation du métier de banquier d’affaires, évoluant d’un statut d’« artisan » vers celui d’un manager de finance. Grâce à l’an...
De Haas, Ralph; 151925;Lu, Liping;Ongena, Steven; 28992;
We interviewed 379 bank CEOs in 20 emerging markets to identify their banks’ main competitors. We show that banks are more likely to identify another bank as a main competitor in small-business lending when both banks are foreign owned or relationship oriented; when there exists a large spatial overlap in their branch networks and when the potentia...
In line with international policy initiatives after the 2008 financial crisis, the EU co-legislators have sought to mitigate the potential destructive effects of derivative contracts through a host of far-reaching legislative interventions (e.g. mandatory usage of central counterparties (CCPs)). To determine the scope of application of these legisl...
Growing FinTech entrepreneurship is a recent global phenomenon. Drawing on the national innovation systems framework, we examine how countries’ venture capital (VC) and credit markets differently affect FinTech entrepreneurship across countries. We argue that with their established and globally diffused norms and practices, VC investors—but not ban...
Compared to scholarship focused on venture capital, we know less about angel investing and, in particular, less about how angels operate across institutional environments. Given the importance of angels within early-stage entrepreneurial investment growing globally, the field of angel governance is poised for further investigation. Thus, in this pa...