We investigate how banking relationships that combine lending and underwriting services affect the terms of lending, through both loan supply- and loan demand-side effects, and the underwriting costs of debt and equity issues. We capture and control for firm characteristics, including...

This book discusses banking, insurance, and securities regulation, as well as issues in consumer finance and electronic commerce.

It is clear that there is no legitimate basis for the proposed expensing of employee stock options.

The establishment of new accounting rules for expensing options would likely do more harm than good.