Share

Underwriting Services and the New Issues Market

2017 Electronic book
Download Underwriting Services and the New Issues Market PDF Online Free

Author :
Release : 2017
Genre : Electronic book
Kind : eBook
Book Rating : /5 ( reviews)

GET EBOOK


Book Synopsis Underwriting Services and the New Issues Market by : George J. Papaioannou

Download or read book Underwriting Services and the New Issues Market written by George J. Papaioannou. This book was released on 2017. Available in PDF, EPUB and Kindle. Book excerpt: Underwriting Services and the New Issues Market integrates practice, theory and evidence from the global underwriting industry to present a comprehensive description and analysis of underwriting practices. After covering the regulation and mechanics of the underwriting process, it considers economic topics such as underwriting costs and compensation, the pricing of new issues, the stock price and operating performance of issuing firms, the evaluation of new issue decisions, and an analysis of the many choices issuers face in structuring new issues. Unlike other books, it systematically develops a critical perspective about underwriting practices, both in the U.S. and international markets, and with a level of detail unavailable elsewhere and an approach that reveals how financial institutions deliver underwriting services. Underwriting Services and the New Issues Market delivers an innovative and long overdue look at security issuance.

Underwriting Services and the New Issues Market

2017-07-27 Business & Economics
Download Underwriting Services and the New Issues Market PDF Online Free

Author :
Release : 2017-07-27
Genre : Business & Economics
Kind : eBook
Book Rating : 839/5 ( reviews)

GET EBOOK


Book Synopsis Underwriting Services and the New Issues Market by : George J. Papaioannou

Download or read book Underwriting Services and the New Issues Market written by George J. Papaioannou. This book was released on 2017-07-27. Available in PDF, EPUB and Kindle. Book excerpt: Underwriting Services and the New Issues Market integrates practice, theory and evidence from the global underwriting industry to present a comprehensive description and analysis of underwriting practices. After covering the regulation and mechanics of the underwriting process, it considers economic topics such as underwriting costs and compensation, the pricing of new issues, the stock price and operating performance of issuing firms, the evaluation of new issue decisions, and an analysis of the many choices issuers face in structuring new issues. Unlike other books, it systematically develops a critical perspective about underwriting practices, both in the U.S. and international markets, and with a level of detail unavailable elsewhere and an approach that reveals how financial institutions deliver underwriting services. Underwriting Services and the New Issues Market delivers an innovative and long overdue look at security issuance. Foreword by Frank Fabozzi - Covers underwriting contracts and arrangements on pricing and costs - Focuses on the financial consequences of the issuance decision for the firm - Describes and evaluates decisions regarding the features and structure of new security offerings.

Investment Banking

2010-01-12 Business & Economics
Download Investment Banking PDF Online Free

Author :
Release : 2010-01-12
Genre : Business & Economics
Kind : eBook
Book Rating : 65X/5 ( reviews)

GET EBOOK


Book Synopsis Investment Banking by : Giuliano Iannotta

Download or read book Investment Banking written by Giuliano Iannotta. This book was released on 2010-01-12. Available in PDF, EPUB and Kindle. Book excerpt: From a historical point of view, the main activity of investment banks is what today we call security underwriting. Investment banks buy securities, such as bonds and stocks, from an issuer and then sell them to the ?nal investors. In the eighteenth century, the main securities were bonds issued by governments. The way these bonds were priced and placed is extraordinarily similar to the system that inve- ment banks still use nowadays. When a government wanted to issue new bonds, it negotiated with a few prominent “middlemen” (today we would call them investment bankers). The middlemen agreed to take a fraction of the bonds: they accepted to do so only after having canvassed a list of people they could rely upon. The people on the list were the ?nal investors. The middlemen negotiated with the government even after the issuance. Indeed, in those days governments often changed unilaterally the bond conditions and being on the list of an important middleman could make the difference. On the other hand, middlemen with larger lists were considered to be in a better bargaining position. This game was repeated over time, and hence, reputation mattered. For the middlemen, being trusted by both the investors on the list and by the issuing governments was crucial.

Bringing New Issues to Market

1988 Stocks
Download Bringing New Issues to Market PDF Online Free

Author :
Release : 1988
Genre : Stocks
Kind : eBook
Book Rating : /5 ( reviews)

GET EBOOK


Book Synopsis Bringing New Issues to Market by : Lawrence M. Benveniste

Download or read book Bringing New Issues to Market written by Lawrence M. Benveniste. This book was released on 1988. Available in PDF, EPUB and Kindle. Book excerpt:

Foreign Entry Into Underwriting Services

2010-10 Business & Economics
Download Foreign Entry Into Underwriting Services PDF Online Free

Author :
Release : 2010-10
Genre : Business & Economics
Kind : eBook
Book Rating : 866/5 ( reviews)

GET EBOOK


Book Synopsis Foreign Entry Into Underwriting Services by : Mark M. Spiegel

Download or read book Foreign Entry Into Underwriting Services written by Mark M. Spiegel. This book was released on 2010-10. Available in PDF, EPUB and Kindle. Book excerpt: Examines the impact of foreign underwriting activity on bond markets using issue-level data in the Japanese ¿Samurai¿ and euro-yen bond markets. Firms choosing Japanese underwriters tend to be Japanese, riskier, and smaller. Japanese underwriting fees, while higher overall on average, are actually lower after conditioning for issuer characteristics. The authors conducted a matching exercise to examine the 1995 liberalization of foreign access to the ¿Samurai¿ bond market, using yen-denominated issues in the euro-yen market as a control. Foreign entry led to a significant decrease in underwriting fees in the Samurai bond market. The market for underwriting services is segmented by nationality, as issuers appear to have preferred habitats. Illus.

You may also like...