The DOI matches its Crossref record.
Institutional Markets, Financial Marketing, and Financial Innovation
Abstract
Firms and institutions are monitored and controlled through a complex set of implicit and explicit contractual relations. Because of these agency theoretic relations, institutional behavior in financial markets is not a simple reflection of the preference structures of individuals. Institutional preferences give rise to a demand for new financial instruments and innovations, even when the returns on these instruments are “spanned” in the sense of complete pricing. The innovations can be thought of as solving moral hazard problems. An agency theoretic example serves to illustrate the demand, supply, and financial marketing of stripped securities. In short, institutions matter.
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Citations
Cited by
Can Relationship Banking Survive Competition?
Boot, A. W. A., & Thakor, A. V. (2000) · The Journal of Finance · doi:10.1111/0022-1082.00223 · Cited by 1,590
Financial innovation: The bright and the dark sides
Beck, T., Chen, T., Lin, C., & Song, F. M. (2016) · Journal of Banking & Finance · doi:10.1016/j.jbankfin.2016.06.012 · Cited by 426
Metadata
- Authors
- ROSS, S. A.
- Venue
- The Journal of Finance
- Publisher
- Wiley
- Published
- 1989-07
- Volume
- 44
- Issue
- 3
- Pages
- 541-556
- ISSN
- 0022-1082 (ISSN-L)
- 1540-6261
- OpenAlex
- W2101872466
- Cited by
- 276
- References
- 0
- FWCI
- 10.56
- Type
- journal article
- Language
- en
- Open access
- closed
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
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How to cite
Cite CoChat for the checks on this page, and the paper for its own findings.
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- CoChat. (2026). Citation check: Institutional Markets, Financial Marketing, and Financial Innovation. https://app.cochat.ai/papers/10.1111/j.1540-6261.1989.tb04377.x
- The paper
- ROSS, S. A. (1989). Institutional Markets, Financial Marketing, and Financial Innovation. The Journal of Finance. https://doi.org/10.1111/j.1540-6261.1989.tb04377.x
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
