Relationships, Competition, and the Structure of Investment Banking Markets
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Author | : Bharat Narendra Anand |
Publisher | : |
Total Pages | : 60 |
Release | : 2000 |
ISBN-10 | : STANFORD:36105021116004 |
ISBN-13 | : |
Rating | : 4/5 (04 Downloads) |
Book Synopsis Relationships, Competition, and the Structure of Investment Banking Markets by : Bharat Narendra Anand
Book excerpt: Previous studies have acknowledged the tradeoff between relationships and competion in financial intermediation. In this paper we explore the structural determinants of this tradeoff in the investment banking market, by deriving it from the underlying relationship technology.