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Innovation and First-Mover Advantages in Corporate Underwriting: Evidence from Equity Linked Securities
Schroth, Enrique
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2002
This paper estimates the issuers' demand for the banker's underwriting service across different varieties of equity-linked securities.
Persistent link: https://www.econbiz.de/10005843436
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Profitable Innovation Without Patent Protection: The Case of Derivatives
Herrera, Helios
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Schroth, Enrique
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2003
This paper shows how this becomes an informational first-mover advantage that turns innovators into the market leader.
Persistent link: https://www.econbiz.de/10005843438
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The Welfare Implications of Non-Patentable Financial Innovations
Herrera, Helios
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Schroth, Enrique
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2001
This paper shows how a financial institution can profit from the development of financial products even if they are unpatentable.
Persistent link: https://www.econbiz.de/10005843480
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