Financing firms: Beyond the dichotomy between banks and markets
本文回顾了自Gerschenkron以来关于企业融资的文献，指出银行与市场的传统二分法已过时，但Gerschenkron论点仍有争议，并强调银行与市场互动及网络分析等新方法值得进一步研究。
This article provides a review of the different streams of literature that have contributed, since the seminal work by Alexander Gerschenkron, to the issue on firms’ financing. We show that, although the traditional dichotomy between bank and stock market is out of date, the Gerschenkronian thesis is still debated. We find that many microeconomic issues have yet to be explored. In particular, the interaction between bank and stock market in financing firms merits further attention. Finally, we show that the combinations of several approaches and the use of new techniques, such as the network analysis, can contribute to provide further results on this topic.