haku: @author Puri, M. / yhteensä: 9
viite: 7 / 9
| Tekijä: | Gande, A. Puri, M. Saunders, A. |
| Otsikko: | Bank entry, competition, and the market for corporate securities underwriting |
| Lehti: | Journal of Financial Economics
1999 : OCT, VOL. 54:2/II, p. 165-195 |
| Asiasana: | Banking Competition Securities Stock markets USA |
| Kieli: | eng |
| Tiivistelmä: | In this paper, the competitive effects of commercial bank entry into the corporate debt underwriting market in the United States (U.S.) is examined. It is found that underwriter spreads and ex-ante yields have declined significantly with bank entry. Overall results suggest that bank entry has had a pro-competitive effect. |
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