10 research outputs found
Neurology
Contains reports on six research projects.U. S. Public Health Service (B-3055-4, B-3090-4, MH-06175-02)U. S. Air Force (AF49(638)-1313)U.S. Navy. Office of Naval Research (Nonr-1841(70)
IPO underpricing, signaling, and property returns
Initial public offering, Underpricing, Signaling, Direct property returns, G24, D82,
Public Listing and Corporate Social Responsibility from a Sustainability Risk Management Perspective
THE ROLE OF FINANCIAL RELATIONSHIPS IN THE HISTORY OF AMERICAN CORPORATE FINANCE
The American corporate financing system, unlike that of most other countries, has not been organized around a set of "universal banks" that perform a variety of functions for their clients. Indeed, the distinguishing feature of American financial history is the number and variety of financial intermediaries, and their relationships with corporations (and one another). Besides commercial banks, there are investment banks, insurance companies, venture capitalists, commercial paper dealers, mutual funds, and many others. The economic role of such intermediaries is to reduce market frictions such as "asymmetric information" and "agency problems" that otherwise raise the cost of outside capital for U.S. companies. 1996 Morgan Stanley.