This dissertation consists of two empirical essays on financial intermediation. In the first chapter, I study the relationship between investment banks' reputation and the price and quality of their underwriting services in the corporate bond market. In the existing literature, a key econometric...

The relation between investment bank reputation and the price and quality of bond underwriting services is studied here. After controlling for endogeneity in issuer-underwriter matching, I find that reputable banks obtain lower yields and charge higher fees, but issuers' net proceeds are higher....