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Investment Banking: Institutions, Politics, and Law

By Alan D. Morrison, William J. Wilhelm, Jr.
eBook
$46.99
By Alan D. Morrison, William J. Wilhelm, Jr.
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Investment Banking: Institutions, Politics, and Law provides an economic rationale for the dominant role of investment banks in the capital markets, and uses it to explain both the historical evolution of the investment banking industry and also recent changes to its organization. Although investment decisions rely upon price-relevant information, it is impossible to establish property rights over it and hence is very hard to coordinate its exchange. The authors argue that investment banks ...

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BusinessIndustriesProfessional Finance & InvestingFinancial IndustriesBanks, Savings & Loans, & Credit Unions - General & Miscellaneous