access to the data.
2BFSH 1, 1015 Lausanne, Switzerland; e-mail: enrique.schroth@hec.unil.ch.
Abstract
Investment banks … Innovation, Investment Banking, Underwriting,
First-Mover Advanatges, Demand Estimation.
1 Introduction
The last twenty years … brought
about by investment banks through the business of underwriting new cor-
porate issues. It is also remarkable that …