ISSUER SOPHISTICATION AND UNDERPRICING IN THE NEGOTIATED MUNICIPAL BOND MARKET

Research on municipal bond offerings has established the determinants of effective competitive bidding, but no comparable research has been undertaken for the negotiated method. This study examines the effect of issuer sophistication on the interest costs for a sample of negotiated issues. The first...

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Veröffentlicht in:	The Journal of financial research 1986, Vol.9 (2), p.163-170
Hauptverfasser:	Roden, Peyton Foster, Bland, Robert L.
Format:	Artikel
Sprache:	eng
Schlagworte:	Bids Bond markets Competitive Effectiveness Interest costs Municipal bonds Pricing Studies
Online-Zugang:	Volltext
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