Jump to ContentJump to Main Navigation
Investment BankingInstitutions, Politics, and Law$
Users without a subscription are not able to see the full content.

Alan D. Morrison and William J. Wilhelm, Jr.

Print publication date: 2007

Print ISBN-13: 9780199296576

Published to Oxford Scholarship Online: May 2007

DOI: 10.1093/acprof:oso/9780199296576.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 26 October 2020

What Next?

What Next?

(p.293) 10 What Next?
Investment Banking

Alan D. Morrison (Contributor Webpage)

William J. Wilhelm Jr.

Oxford University Press

This chapter uses the theory developed in the previous chapter to comment upon recent developments in the investment banking world, and to speculate about the likely future development of the market. The major investment banks are getting bigger and bigger. Their work is increasingly codified and, as a result of legislation like the Sarbanes Oxley Act, is increasingly regulated. It is argued that these trends have encouraged the development of smaller boutique investment banks, and the role of these firms in M&A advisory work, private equity investment, and hedge fund management is discussed. Future developments will reflect the tensions between the technological advantages that accrue to large, complex banking organizations, and the relative strengths that small, focused boutique operations have in tacit human capital businesses.

Keywords:   Sarbanes Oxley, boutique investment bank, M&A advisory, private equity, hedge funds

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .