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ECONOMICS AND ETHICS: THE CASE OF SALOMON BROTHERS

ECONOMICS AND ETHICS: THE CASE OF SALOMON BROTHERS Footnotes 1 . For a discussion of the valuable monitoring and information dissemination function performed by credit information services, see Lee J. Wakeman , “ The Real Function of Bond Rating Agencies ,” Chase Financial Quarterly , Vol. 1 ( 1981 ), pp. 18 – 25 . 2 . See Booth , James R. and Richard L. Smith , II ( 1986 ), “ Capital Raising, Underwriting and the Certification Hypothesis ,” Journal of Financial Economics , Vol. 15 p. 261 – 281 ; and Smith , Clifford W. , Jr. Investment Banking and the Capital Acquisition Process ,” Journal of Financial Economics , Vol. 15 ( 1986 ), pp. 3 – 29 . 3 . For example the New York Times (9/29/91) ran an article titled “Warren Buffett's Stickiest Wicket: Making Sure Salomon Survives.” 4 . See Benjamin Klein and Keith Leffler , “ The Role of Market Forces in Assuring Contractual Performance ,” Journal of Political Economy , Vol. 89 , No. 41 ( 1981 ). 5 . For an explanation, see Clifford W. Smith, Charles W. Smithson, and D. Sykes Wilford, Managing Financial Risk (Harper Collins, 1989). 6 . Academics have argued that outside board http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Applied Corporate Finance Wiley

ECONOMICS AND ETHICS: THE CASE OF SALOMON BROTHERS

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References (4)

Publisher
Wiley
Copyright
Copyright © 1992 Wiley Subscription Services, Inc., A Wiley Company
ISSN
1078-1196
eISSN
1745-6622
DOI
10.1111/j.1745-6622.1992.tb00487.x
Publisher site
See Article on Publisher Site

Abstract

Footnotes 1 . For a discussion of the valuable monitoring and information dissemination function performed by credit information services, see Lee J. Wakeman , “ The Real Function of Bond Rating Agencies ,” Chase Financial Quarterly , Vol. 1 ( 1981 ), pp. 18 – 25 . 2 . See Booth , James R. and Richard L. Smith , II ( 1986 ), “ Capital Raising, Underwriting and the Certification Hypothesis ,” Journal of Financial Economics , Vol. 15 p. 261 – 281 ; and Smith , Clifford W. , Jr. Investment Banking and the Capital Acquisition Process ,” Journal of Financial Economics , Vol. 15 ( 1986 ), pp. 3 – 29 . 3 . For example the New York Times (9/29/91) ran an article titled “Warren Buffett's Stickiest Wicket: Making Sure Salomon Survives.” 4 . See Benjamin Klein and Keith Leffler , “ The Role of Market Forces in Assuring Contractual Performance ,” Journal of Political Economy , Vol. 89 , No. 41 ( 1981 ). 5 . For an explanation, see Clifford W. Smith, Charles W. Smithson, and D. Sykes Wilford, Managing Financial Risk (Harper Collins, 1989). 6 . Academics have argued that outside board

Journal

Journal of Applied Corporate Finance – Wiley

Published: Jun 1, 1992

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