Shelf Registration has contributed to the concentrated nature of the investment banking industry.

Question

Quizplus · Accepted Answer

Shelf Registration allows investment banks to quickly and easily bring securities to market, which has led to increased efficiency and consolidation within the industry. Larger investment banks with more resources are better equipped to handle the demands of Shelf Registration, leading to a concentration of market power among fewer firms.

Shelf Registration Has Contributed to the Concentrated Nature of the Investment