Survival Of The Banking Houses Of Corunna Within An Increasing Competitive Framework: Strategies And Results (1840-1936)
AbstractThis article analyses the origins and the evolution of the Galician native bank from a business history perspective. By using new quantitative evidence, the foundation of the first banking houses, their sources of financing and their main strategies of survival to face the legislative changes and the greater financial requirements from an economy in development process are analysed. The kind of answer chosen by each private banker to the new demand of the market determined their results in the long term. On the eve of the Civil War, many banking houses had shut up, others awaited the takeover of the enterprise by an extraregional banking group with eager anticipation, and only a small group was able to become joint-stock banks to the present time.
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Bibliographic InfoArticle provided by University of Santiago de Compostela. Faculty of Economics and Business. in its journal Revista Galega de Economía.
Volume (Year): 17 (2008)
Issue (Month): 1 ()
Business history / Bank / Banking houses / Galicia;
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