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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. 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.
    2. 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.
    3. 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.
    4. 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.
    5. 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.
    6. Leonard, Paul A., 1983. "Some factors determining municipal revenue bond interest costs," Journal of Economics and Business, Elsevier, vol. 35(1), pages 71-82.
    7. 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.
    8. 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.
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    Cited by:

    1. 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.
    2. 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.

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