Is companies' financial structure changing?
Pylkkönen, Pertti; Taipalus, Katja (03.04.2013)
JulkaisusarjaBank of Finland. Financial Market Report
Julkaisun pysyvä osoite onhttps://urn.fi/URN:NBN:fi:bof-201408075013
In Europe, banks' role in corporate finance has traditionally been very strong. The difficulties of banks in the crisis countries and disruptions in financial intermediation have intensified the impacts of the crisis and emphasised the fragmentation of European economic developments. At the same time, companies have begun to seek funding increasingly outside the banking system. The significance of market-based corporate finance has also increased in Finland over the past year.