Anda belum login :: 25 Jul 2025 20:04 WIB
Detail
ArtikelDo Bank Relationships Affect The Firm's Underwriter Choice in The Corporate - Bond Underwriting Market ?  
Oleh: Yasuda, Ayako
Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Journal of Finance (EBSCO) vol. 60 no. 3 (Jun. 2005), page 1259-1292.
Topik: relationships; underwriting; effects; commercial banks; mathematical models
Fulltext: p 1259.pdf (194.44KB)
Ketersediaan
  • Perpustakaan Pusat (Semanggi)
    • Nomor Panggil: JJ88
    • Non-tandon: 1 (dapat dipinjam: 0)
    • Tandon: tidak ada
    Lihat Detail Induk
Isi artikelThis paper studies the effect of bank relationships on underwriter choice in the US corporate - bond underwriting market following the 1989 commercial - bank entry. I find that bank relationships have positive and significant effects on a firm's underwriter choice, over and above their effects on fees. This result is sharply stronger for junk - bond issuers and first -time issuers. I also find that there is a significant fee discount when there are relationships between firms and commercial banks. Finally, I find that serving as arranger of past loan transactions has the strongest effect on underwriter choice, whereas serving merely as participant has no effect.
Opini AndaKlik untuk menuliskan opini Anda tentang koleksi ini!

Kembali
design
 
Process time: 0 second(s)