[PDF] Competition In The Investment Banking Industry eBook

Author : Samuel L. Hayes
Publisher : Harvard University Press
Page : 204 pages
File Size : 37,84 MB
Release : 1983
Category : 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.

Author : Jacob A. Bikker
Publisher : Edward Elgar Publishing
Page : 425 pages
File Size : 22,3 MB
Release : 2017-09-29
Category : Business & Economics
ISBN : 1785363301

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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, this is easier said than done. The goal of this Handbook is to provide a collection of state-of-the-art chapters to address this issue. The book consists of four parts, the first of which discusses the characteristics of various measures of financial sector competition. The second part includes several empirical studies on the level of, and trends in, competition across countries. The third part deals with the spillovers of market power to other sectors and the economy as a whole. Finally, the fourth part considers competition in banking submarkets and subsectors.

Author : Alan D. Morrison
Publisher : OUP Oxford
Page : 362 pages
File Size : 15,89 MB
Release : 2008-09-11
Category : Business & Economics
ISBN : 0191647845

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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 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. The authors substantiate their theory with reference to the industry's evolution during the last three centuries. They show how investment banking networks were formed, and identify the informal contracts that they supported. This historical development points to tensions between the relational contracting of investment banks and the regulatory impulses of the State, thus providing some explanation for the periodic large-scale State intervention in the operation of capital markets. Their theory also provides a technological explanation for the massive restructuring of the capital markets in recent decades, which the authors argue can be used to think about the likely future direction of the investment banking industry.

Author : A. O'Connor
Publisher : Springer
Page : 200 pages
File Size : 28,37 MB
Release : 2005-11-01
Category : Business & Economics
ISBN : 0230512372

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Banks' business is increasingly international and an élite group of global banks is emerging. This book outlines the influences on the evolution of international banking and analyses trade and investment in the international banking industry, covering cross-border trade in banking services, foreign direct investment by banks, international financial centres, capital movements, and competition between banks. Focusing on competitive advantage, it compares the leading banks' international business. This book is of interest to academics and students as well as to bankers. It provides a transversal and truly comprehensive overview of the international banking industry, focusing on the organization of the industry and the influences on it, rather than on the functions of banks themselves.

Author : Eric Michaels
Publisher :
Page : 38 pages
File Size : 42,40 MB
Release : 2019-12-16
Category :
ISBN : 9781676314776

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Investment bank careers are lucrative and highly competitive fields that many people want to get into. The arena is teeming with careers in specialized fields that are definitely very rewarding. The exponential increase of people who have switched to investment bank careers speaks of its huge rewards. Talk about pay scales, simply irresistible. The banking industry landscape is highly diversified and has lots of rooms for newcomers who would want to carve their niches in the field. The banking industry has a myriad of services related to finance. From capital-raising, to buyouts, mergers and acquisitions, to the management of investment portfolios of private individuals and businesses, there is a shortage of people to perform these diversified banking services. The demand for highly competitive professionals is also fueled by the recent financial market conditions affected by global economic conditions. The competition for investment bank careers remain stiff and intense, but lucrative. In this book, you'll discover: What You Need to Know Before Becoming an Investment Banker Why An Investment Banking Education Is Important What They Won't Tell You About Investment Banking Salaries How to Land Investment Banking Jobs And much more Grab a copy of Investment Banking Career today!

Author : OECD
Publisher : OECD Publishing
Page : 87 pages
File Size : 13,4 MB
Release : 2011-10-05
Category :
ISBN : 9264120564

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This report examines the interplay between banking competition and financial stability, taking into account the experiences in the recent global crisis and the policy response to it. The report has been prepared by members of the Directorate of ...

Author : Mr. Damien Capelle
Publisher : International Monetary Fund
Page : 74 pages
File Size : 11,12 MB
Release : 2021-04-23
Category : Business & Economics
ISBN : 1513582313

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This paper develops a model where large financial intermediaries subject to systemic runs internalize the effect of their leverage on aggregate risk, returns and asset prices. Near the steady-state, they restrict leverage to avoid the risk of a run which gives rise to an accelerator effect. For large adverse shocks, the system enters a zone with high leverage and possibly runs. The length of time the system remains in this zone depends on the degree of concentration through a franchise value, price-drop and recapitalization channels. The speed of entry of new banks after a collapse has a stabilizing effect.