Competition in the Investment Banking Industry

Competition in the Investment Banking Industry
Author: Samuel L. Hayes
Publisher: Harvard University Press
Total Pages: 204
Release: 1983
Genre: Business & Economics
ISBN: 9780674154155


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Investment banks play a critically important role in channeling capital from investors to corporations. Not only do they float and distribute new corporate securities, they also assist companies in the private placement of securities, arrange mergers and acquisitions, devise specialized financing, and provide other corporate financial services. After sketching the history and evolution of investment banking, the authors describe the structure of the industry, focusing on the competitive forces at work within it today. They explore patterns of concentration and analyze the strategic and economic factors that underlie those patterns. The authors directly examine the pairing up of investment banks with their corporate clients. They show that the market is sharply segmented, with banks and corporate clients being matched in roughly rank order, the most prestigious banks with the largest, most powerful clients, and so on. Vigorous competition occurs within each segment, but much less between them. With the industry now confronting a changing regulatory environment, a growing tendency of clients to arrange their own financing, and increasing competition both from within and from commercial banks and foreign institutions, Competition in the Investment Banking Industry is essential reading for anyone interested in the future of investment banking.


Competition in the Investment Banking Industry
Language: en
Pages: 204
Authors: Samuel L. Hayes
Categories: Business & Economics
Type: BOOK - Published: 1983 - Publisher: Harvard University Press

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Investment banks play a critically important role in channeling capital from investors to corporations. Not only do they float and distribute new corporate secu
Competition in the Investment Banking Industry
Language: en
Pages: 177
Authors: Samuel L. Hayes
Categories: Investment banking
Type: BOOK - Published: 1983 - Publisher:

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Competition in the Investment Banking Industry
Language: en
Pages: 126
Authors: Chi-Won Yoon
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Type: BOOK - Published: 1986 - Publisher:

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Handbook of Competition in Banking and Finance
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Type: BOOK - Published: 2017-09-29 - Publisher: Edward Elgar Publishing

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For academics, regulators and policymaker alike, it is crucial to measure financial sector competition by means of reliable, well-established methods. However,
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Pages: 362
Authors: Alan D. Morrison
Categories: Business & Economics
Type: BOOK - Published: 2008-09-11 - Publisher: OUP Oxford

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