Theoretical Foundations of Investment Banking

by Andreas Krause

Overview

Banking, and investment banking in particular, is to a large extent investigated empirically in the academic literature. The theory of investment banking behaviour and the relationship between investment banks and their clients is not widely known and applied to analyse developments in this industry. This book provides readers with a comprehensive and state-of-the-art overview of the theories of investment banking. It presents theories in all areas that investment banks are active, using a consistent and coherent framework, that allows combining different theories to develop more comprehensive analysis of developments in this important industry. Going beyond the activities of investment banks, this book also includes an analysis of some of the employment practices and strategies found in investment banks. The book is intended for students. However, it will also benefit practitioners working in the field and professionals who aspire to such professional activities in the financial industry.

Product Details

ISBN-13:	9783031580598
Publisher:	Springer Nature Switzerland
Publication date:	10/13/2024
Series:	Springer Texts in Business and Economics
Edition description:	2024
Pages:	395
Product dimensions:	6.10(w) x 9.25(h) x (d)

About the Author

Andreas Krause is lecturer at the University of Bath, Great Britain, teaching and researching in banking and finance. He has published a large number of journal articles and book chapters on a wide range of topics, including payment cards, the systemic risk of banks, interbank markets, and strategic default of borrowers, amongst many others.

Table of Contents

Selling information.- Informed intermediaries.- Independent financial advice.- Mergers & Acquisitions advisory.- Securities underwriting.- Biased analyst recommendations.- Analyst reputation.- Regulation of financial analysts.- Financial innovation.- Asset management.- Brokerage services.- Market making.- Proprietary trading.- Employment policies.- Partnerships.- The decision-making process.- Relationship banking.- Optimal investment banks.