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We study the role of banking relationships in IPO underwriting. Among other issues, we consider whether banking … relationships lead to increased access to public equity markets, especially for smaller, lesserknown firms. When a firm in Japan … the main bank, but may give rise to conflicts of interest. We use data from two different investment banking regimes in …
Persistent link: https://www.econbiz.de/10010263296
We study the role of banking relationships in IPO underwriting. Among other issues, we consider whether banking … relationships lead to increased access to public equity markets, especially for smaller, lesserknown firms. When a firm in Japan … the main bank, but may give rise to conflicts of interest. We use data from two different investment banking regimes in …
Persistent link: https://www.econbiz.de/10010276761
We present a new approach to understanding credit relationships between commercial banks and quoted firms, and with this approach, examine the temporal change in the structure of the Japanese credit network from 1980 to 2005. At each year, the credit network is regarded as a weighted bipartite...
Persistent link: https://www.econbiz.de/10010298627
. In the case of Japan, foreign universities are/were free to open campuses in Japan to supply tertiary education services … Japan established by foreign universities to supply formal education services in Japan, they are required to satisfy the … Japan actually obtained a formal school status. Moreover, program at the campuses in Japan were not regarded as an …
Persistent link: https://www.econbiz.de/10010507535
sources of institutional trajectories of economic development in China, Japan, and Korea. It stylizes the Malthusian-phase of … states of Qing China, Tokugawa Japan, and Yi Korea by focusing on the way in which agricultural taxes were enforced. It also …
Persistent link: https://www.econbiz.de/10010397352
In einem einfach gehaltenen Bankmodell untersucht der Beitrag die ökonomischen Wirkungen des Einsatzes von Derivaten für marktgängige und nicht marktgängige Risiken. Wir betrachten das klassische Kredit– und Einlagengeschäft einer kompetitiven Bank. Sind Kreditausfall- und...
Persistent link: https://www.econbiz.de/10010291696
243 mergers, we analyze motives for and cost effects of small-scale mergers in German banking. Estimating a frontier cost …
Persistent link: https://www.econbiz.de/10010291732
This paper discusses the technological change and financial innovation that commercial banking has experienced during … the past quarter century has been a period of substantial change in terms of banking products, services, and production …
Persistent link: https://www.econbiz.de/10010292293
of CO2 allowances considering also emissions impact and banking of allowances by speculative investors. We find that …
Persistent link: https://www.econbiz.de/10010292681
Cooperation among savings and cooperative banks was criticized by the European Commission because of potentially anti-competitive effects. In an industrial economics model of banks taking deposits and giving loans we look at regional demarcation as one of such cooperative practices. There are...
Persistent link: https://www.econbiz.de/10010294740