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Why Chinese listed companies frequently switch lead underwriters in seasoned equity offerings
Jianghui, Liu - In: China Finance Review International 1 (2011) 3, pp. 280-312
offerings in China. In addition, this paper has policy implications on how to improve the listed companies' loyalty for …' loyalty to evaluate their frequency of switching lead underwriters, and employs a Logit model and an OLS model to identify the … relationship‐specific assets, could have important impacts on lead underwriters being frequently switched in China. Besides, the …
Persistent link: https://www.econbiz.de/10014694459
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The Death of Trust Across the U.S. Finance Industry
Limbach, Peter; Rau, P. Raghavendra; Schürmann, Henrik - 2020
We document a significant decline in the level of generalized trust among finance professionals relative to the decline of trust in the general U.S. population. This decline occurs across all subsectors and at all hierarchy levels and is unique to the finance industry. It is related to a lack of...
Persistent link: https://www.econbiz.de/10012414814
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Shifting Title and Risk : Islamic Project Finance with Western Partners
Alexander, Alan J. - 2012
Persistent link: https://www.econbiz.de/10013115761
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When Does Relationship Lending Start to Pay?
López-Espinosa, Germán - 2016
This paper empirically characterizes relationship lending using data from more than 20,000 loans of a Spanish bank to small and medium enterprises (SMEs). The study analyzes the pricing determinants of loans to firms based on the entire previous bank-firm relationship, allowing for the...
Persistent link: https://www.econbiz.de/10013001463
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The Death of Trust Across the U.S. Finance Industry
Limbach, Peter - 2020
We document a significant decline in the level of generalized trust among finance professionals relative to the decline of trust in the general U.S. population. This decline occurs across all subsectors and at all hierarchy levels and is unique to the finance industry. It is related to a lack of...
Persistent link: https://www.econbiz.de/10012838994
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Does it Pay to Be Loyal? An Empirical Analysis of Underwriting Relationships and Fees
Burch, Timothy R. - 2005
We examine underwriting fees for repeat issuers of new securities to determine the relation between loyalty to an … underwriting bank and the fees charged. For a sample of offers over the 1975-2001 period, we find that loyalty is associated with … lower fees for common stock offers, consistent with valuable relationship capital being built through loyalty. For debt …
Persistent link: https://www.econbiz.de/10012737545
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Which Factors Affect Bond Underwriting Fees? The Role of Banking Relationships
Iannotta, Giuliano - 2008
The question of which factors are relevant in determining bond underwriting fees is empirically investigated by analyzing 2,202 bond issues completed by European firms during the 1993-2003 period. Four major results emerge from the analysis. First, the introduction of the single currency in 1999...
Persistent link: https://www.econbiz.de/10012773323
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Does it Pay to Be Loyal? An Empirical Analysis of Underwriting Relationships and Fees
Burch, Timothy R. - 2004
We examine underwriting fees for repeat issuers of new securities to determine the relation between loyalty to an … underwriting bank and the fees charged. For a sample of offers over the 1975-2001 period, we find that loyalty is associated with … lower fees for common stock offers, consistent with valuable relationship capital being built through loyalty. For debt …
Persistent link: https://www.econbiz.de/10012785306
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Does Religiosity Influence Venture Capital Investment Decisions?
Chircop, Justin - 2020
Using a sample of 91,020 VC investments in the US, we study whether religiosity influences VC investment decisions. Based on prior literature that finds a positive relation between religiosity and risk aversion we posit that VC located in more religious counties make less risky investments. We...
Persistent link: https://www.econbiz.de/10012853852
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Why Do IPO Issuers Grant Overallotment Options to Underwriters?
Jiao, Yawen - 2014
In contrast to prior studies suggesting that overallotment option (OAO) provisions reflect underwriters' exploitation of IPO firms, we provide evidence that they benefit both issuers and underwriters. We estimate that OAO provisions lead to lower underwriting fees, less underpricing, less...
Persistent link: https://www.econbiz.de/10013062205