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The relation between investment bank reputation and the price and quality of bond underwriting services is studied here. After controlling for endogeneity in issuer - underwriting matching. I find that reputable banks obtain lower yields and charge higher fees, but issuers net proceeds are higher. These relations are pronounced in the junk-bond category, in which reputable banks' underwriting criteria are most stringent..Printed Journal
Call Number | Location | Available |
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PSB lt.dasar - Pascasarjana | 1 |
Penerbit | : The American Finance Association |
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Edisi | - |
Subjek | Banking Reputation Investment bank Underwriting services |
ISBN/ISSN | 00221082 |
Klasifikasi | - |
Deskripsi Fisik | - |
Info Detail Spesifik | - |
Other Version/Related | Tidak tersedia versi lain |
Lampiran Berkas | Tidak Ada Data |