Ber, Y.; Yafeh, Y.; Yosha, O. - Foerder Institute for Economic Research, Eitan Berglas … - 1997
Using a unique newly constructed data set on Israeli IPO firms in the 1990s, we study costs and benefits of universal banking. The post-issue accounting profitability of firms underwritten by bank affiliated underwriters that were also borrowers from the same bank in the IPO year, is...