García Ruiz, José LuisVasta, Michelangelo2025-01-242025-01-242021-08-21García-Ruiz, J. L., & Vasta, M. (2021). Financing firms: Beyond the dichotomy between banks and markets. Business History, 63(6), 877–891. https://doi.org/10.1080/00076791.2020.176760010.1080/00076791.2020.1767600https://hdl.handle.net/20.500.14352/116047Special issue paper in Bank-Industry versus Stock Market-Industry RelationshipsThis 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 We show that, although the traditional dichotomy between bank and stock market is out of date, the Gerschenkronian thesis is still debated.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.engAttribution-NonCommercial-NoDerivatives 4.0 Internationalhttp://creativecommons.org/licenses/by-nc-nd/4.0/journal articlehttps://www.tandfonline.com/doi/full/10.1080/00076791.2020.1767600open access33N20Bank-industry relationshipStock-market industry relationshipBank-based financial systemsMarket-based financial systemsInterlocking directoratesHistoria económica55 Historia5308 Economía General