ABSTRACT
As shown in the preceding chapter, the Crédit Mobilier played a crucial role in the industrialisation of French industry over the period 1852-70. But contrary to the conclusions reached by other researchers studying other banks in other countries (e.g. de Long’s assertions about J.P. Morgan & Co), it does not appear to have been effective in facilitating the assessment of firms’ managerial performance and in the evaluation of projects.
