Lehmann-Hasemeyer, Sibylle H. - 2012
for underwriters was dominated by a small oligopoly of six large banks, there was still perceptible competition, which …, although the German IPO business was in the hands of a small oligopoly, investors did not benefit from the lack of competition … competition between underwriters, but also by the tight regulation of underwriting, which ensured the quality of all firms on the …
