Kwan, Simon H. (contributor); … - 2004
features, though
their interests will be solicited by bond salespeople from the investment banker. Whereas in
private …
placement bond market, and a large majority of sample private placement bonds were brought to
TIAA by investment bankers.
6
to … between borrowers and lenders, such as the under-investment problem
described in Myers (1977).
12,
13
Furthermore, in …