Investment Banking and Security Market Development : Does Finance Follow Industry?

Does Finance Follow Industry?

Investment Banking and Security Market Development : Does Finance Follow Industry?
Long-term relationships between business firms and investment banks are pervasive in developed security markets and there is evidence that better monitoring and information result from these relationships. Therefore, security markets should allocate resources better when an investment banking industry exists. We study the necessary conditions... READ MORE...

Publication date: July 2001
ISBN 9781451851397
$15.00

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