Financial intermediation through markets and organizations: An information-boundary argument for financial organizations
The existence of financial organizations is explained by a comparative analysis of various financial institutions which fulfil the function of financial intermediation. One of the main explanations for the existence of financial organizations is the need to create property rights to allocative competency through the construction of an organization.
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Volume (Year): 13 (1997)
Issue (Month): 2 (June)
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