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Too Close for Comfort: Does the Intensity of Municipal Advisor and Underwriter Relationship Impact Borrowing Costs?

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  • Tima T. Moldogaziev
  • Martin J. Luby

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  • Tima T. Moldogaziev & Martin J. Luby, 2016. "Too Close for Comfort: Does the Intensity of Municipal Advisor and Underwriter Relationship Impact Borrowing Costs?," Public Budgeting & Finance, Wiley Blackwell, vol. 36(3), pages 69-93, September.
    • Handle: RePEc:bla:pbudge:v:36:y:2016:i:3:p:69-93
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    File URL: http://hdl.handle.net/10.1111/pbaf.12095
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    References listed on IDEAS

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    1. Giuliano Iannotta & Marco Navone, 2008. "Which Factors Affect Bond Underwriting Fees? The Role of Banking Relationships," European Financial Management, European Financial Management Association, vol. 14(5), pages 944-961, November.
    2. Leland, Hayne E & Pyle, David H, 1977. "Informational Asymmetries, Financial Structure, and Financial Intermediation," Journal of Finance, American Finance Association, vol. 32(2), pages 371-387, May.
    3. Arthur Allen & Donna Dudney, 2010. "Does the Quality of Financial Advice Affect Prices?," The Financial Review, Eastern Finance Association, vol. 45(2), pages 387-414, May.
    4. Jayaraman Vijayakumar & Kenneth Daniels, 2006. "The Role and Impact of Financial Advisors in the Market for Municipal Bonds," Journal of Financial Services Research, Springer;Western Finance Association, vol. 30(1), pages 43-68, August.
    5. Alexander W. Butler, 2008. "Distance Still Matters: Evidence from Municipal Bond Underwriting," The Review of Financial Studies, Society for Financial Studies, vol. 21(2), pages 763-784, April.
    6. Douglas W. Diamond, 1984. "Financial Intermediation and Delegated Monitoring," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 51(3), pages 393-414.
    7. Daniels, Kenneth N. & Vijayakumar, Jayaraman, 2007. "Does underwriter reputation matter in the municipal bond market?," Journal of Economics and Business, Elsevier, vol. 59(6), pages 500-519.
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    Cited by:

    1. Temirlan T. Moldogaziev & Kenneth A. Kriz, 2023. "Capital appreciation bonds and the cost of borrowing," Public Budgeting & Finance, Wiley Blackwell, vol. 43(2), pages 27-52, July.
    2. Emanuele Padovani & Luca Rescigno & Jacopo Ceccatelli, 2018. "Municipal Bond Debt and Sustainability in a Non-Mature Financial Market: The Case of Italy," Sustainability, MDPI, vol. 10(9), pages 1-25, September.

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