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Issuer Sophistication And Underpricing In The Negotiated Municipal Bond Market

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  • Peyton Foster Roden
  • Robert L. Bland

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  • Peyton Foster Roden & Robert L. Bland, 1986. "Issuer Sophistication And Underpricing In The Negotiated Municipal Bond Market," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 9(2), pages 163-170, June.
    • Handle: RePEc:bla:jfnres:v:9:y:1986:i:2:p:163-170
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    File URL: http://hdl.handle.net/10.1111/j.1475-6803.1986.tb00445.x
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    References listed on IDEAS

    as
    1. Baron, David P & Holmstrom, Bengt, 1980. "The Investment Banking Contract for New Issues under Asymmetric Information: Delegation and the Incentive Problem," Journal of Finance, American Finance Association, vol. 35(5), pages 1115-1138, December.
    2. Benson, Earl D, 1979. "The Search for Information by Underwriters and Its Impact on Municipal Interest Cost," Journal of Finance, American Finance Association, vol. 34(4), pages 871-885, September.
    3. Leonard, Paul A., 1983. "Some factors determining municipal revenue bond interest costs," Journal of Economics and Business, Elsevier, vol. 35(1), pages 71-82.
    4. Sorensen, Eric H, 1979. "The Impact of Underwriting Method and Bidder Competition upon Corporate Bond Interest Cost," Journal of Finance, American Finance Association, vol. 34(4), pages 863-870, September.
    5. Baron, D. P. & Holmström, B. R., 1980. "Abstract: The Investment Banking Contract for New Issues Under Asymmetric Information: Delegation and the Incentive Problem," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 15(4), pages 851-851, November.
    6. Sorensen, Eric H, 1979. "Negotiated Municipal Bond Underwritings: Implications for Efficiency: A Note," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 11(3), pages 366-370, August.
    7. Baron, David P, 1982. "A Model of the Demand for Investment Banking Advising and Distribution Services for New Issues," Journal of Finance, American Finance Association, vol. 37(4), pages 955-976, September.
    8. George G. Kaufman, 1982. "Search Theory And The Prohibition Against Commercial Bank Underwriting Of Municipal Revenue Bonds," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 5(3), pages 201-205, September.
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    Cited by:

    1. Arthur Allen & George Sanders & Donna Dudney, 2009. "Should more local governments purchase a bond rating?," Review of Quantitative Finance and Accounting, Springer, vol. 32(4), pages 421-438, May.
    2. Jun Peng & Peter Brucato, 2004. "An empirical analysis of market and institutional mechanisms for alleviating information asymmetry in the municipal bond market," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 28(2), pages 226-238, June.

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