Comment
Save
Investment Banking
Morrison, Alan D, Wilhelm, William J
Rs.945.00
Short Description:- 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 it is very hard to coordinate its exchange. The authors argue that investment banks help to resolve this problem by managing "information marketplaces," within which
(more)
Short Description:- 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 it is very hard to coordinate its exchange.
The authors argue that investment banks help to resolve this problem by managing "information marketplaces," within which extra-legal institutions support the production and dissemination of information that is important to investors. Reputations and relationships are more important in fulfilling this role than financial capital
(less)
20 Dec 2007
Fresh off the web
Camara de gas/ The Chamber (Spanish Edition) (Paperback)
John Grisham
Also Available in:
19 May 2012
Similar Results
The Romance of Life Insurance: Its Past, Present and Future, with Particular Reference to the Epochal Investigation Era of 1905- 1908 (Paperback)
William Joseph Graham
1,703
9 Dec 2011
The Romance of Life Insurance: Its Past, Present and Future, with Particular Reference to the Epochal Investigation Era of 1905- 1908
William Joseph Graham
1,592
9 Dec 2011
