Philippine commercial banks in investment banking: Conflict of interest or certification role?

• Main Authors: Ang, Timothy Lemuel C., Azuero, Leonel Vincent A., Garcia, Jasmin R., Sarmiento, Sara Araceli S.
• Format: text
• Language: English
• Published: Animo Repository 2006
• Subjects: Banks and banking > Philippines
• Online Access: https://animorepository.dlsu.edu.ph/etd_bachelors/18430
• Institution: De La Salle University

Commercial bank entry into securities underwriting can affect underwriter behavior because, unlike investment houses, banks also lend to firms. This raises several issues. One argument is the incentive that the bank would otherwise have to underwrite securities for its poorer quality borrowers and u...