耶鲁robertshiller金融市场lect投资银行业务和二级市场.pptxVIP

会计学;Glass-Steagall Act 1933;Investment Banks;Controversy over Glass Steagall;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;第14页/共23页;Variations on the Usual Underwriting Process;Private Placement;Initial Public Offerings;Poor Long-Run Performance of IPOs;第19页/共23页;Why This Performance of IPOs?;Survey of IPO Investors;S