Abstract
In the “Great Moderation” era, the investment banking industry in all advanced economies has benefited from the processes of liberalization, internationalization and consolidation activities. An increasing number of financial institutions have been involved in cross-border activities and in providing banking services globally. Investment banks’ main business is to intermediate between issuers and investors through the functions of M&A advisory services and underwriting of securities issues. They also provide trading and investment in securities and asset management.
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© 2010 Nemanja Radić, Claudia Girardone and Franco Fiordelisi
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Radić, N., Girardone, C., Fiordelisi, F. (2010). Efficiency and Environmental Factors in Investment Banking. In: Fiordelisi, F., Molyneux, P., Previati, D. (eds) New Issues in Financial Institutions Management. Palgrave Macmillan Studies in Banking and Financial Institutions. Palgrave Macmillan, London. https://doi.org/10.1057/9780230299153_7
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DOI: https://doi.org/10.1057/9780230299153_7
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