耶鲁-Robert Shiller-金融市场-Lect15-投资银行业务和二级市场-Investment Banking and Secondary Markets讲义教材.pptVIP

Lecture 15: Investment Banking and Secondary Markets;Glass-Steagall Act 1933;Investment Banks;Graham-Leach Act 1999;Mergers among Commercial Banks, Investment Banks Insurance Companies;Underwriting of Securities;Moral Hazard Problem Mitigated by Investment Banks ;Two Basic Kinds of Offerings;The Underwriting Process I;The Underwriting Process II;Stabilization;From a 1929 Textbook on Investment Banking;The Tombstone;;Variations on the Usual Underwriting Process;Private Placement;Initial Public Offerings;Poor Long-Run Performance of IPOs;;Why This Performance of IPOs?;Survey of IPO Investors;Su