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Pricing New Corporate Bond Issues: An Analysis of Issue Cost and Seasoning Effects
5 references·15 citing·49 second hop
Pricing New Corporate Bond Issues: An Analysis of Issue Cost and Seasoning Effects (1986)Pricing New Corporate Bond Issues: An Ana…The Rule 415 Experiment: Equity Markets (1985)The Rule 415 Experiment: Equi…SEC Rule 415: The Ultimate Competitive Bid (1984)SEC Rule 415: The Ultimate Co…The Impact of Underwriting Method and Bidder Competition Upon Corporate Bond Interest Cost (1979)The Impact of Underwriting Me…A Study of the Effects of Competition in the Tax-exempt Bond Market (1971)A Study of the Effects of Com…Some New Stock-Market Indexes (1966)Some New Stock-Market IndexesOverallocation and secondary market outcomes in corporate bond offerings (2022)Overallocation and secondary …Underpricing in the euro area bond market: New evidence from post-crisis regulation and quantitative easing (2020)Underpricing in the euro area…Bond yield and credit rating: evidence of Chinese local government financing vehicles (2018)Bond yield and credit rating:…Municipal Bond New Issue Transaction Costs (2013)Municipal Bond New Issue Tran…Exploring the Agency Cost of Debt: Evidence from the ISS Governance Standards (2012)Exploring the Agency Cost of …Pricing of off‐balance sheet debt: how do bond market participants use the footnote disclosures on operating leases and postretirement benefit plans? (2010)Pricing of off‐balance sheet …Differential Properties in the Ratings of Certified vs. Non-Certified Bond Rating Agencies (2004)Differential Properties in th…Indexing a bond's call price: an analysis of make-whole call provisions (2002)Indexing a bond's call price:…The pricing of convertible debt offerings (1996)The pricing of convertible de…THE REGULATION EFFECT OF CREDIT RATINGS ON BOND INTEREST YIELD: THE CASE OF JUNK BONDS (1994)THE REGULATION EFFECT OF CRED…Are US treasury bills underpriced in the primary market? (1992)Are US treasury bills underpr…The Shelf Registration of Debt and Self Selection Bias (1990)The Shelf Registration of Deb…The Value of Shelf Registration for New Debt Issues (1989)The Value of Shelf Registrati…Underpricing of Newly Issued Bonds: Evidence from the Swiss Capital Market (1988)Underpricing of Newly Issued …Risk premia and the pricing of primary issue bonds (1988)Risk premia and the pricing o…Why new issues are underpriced (1986)The Long‐Run Performance of initial Public Offerings (1991)The New Issues Puzzle (1995)CONVERTIBLE BONDS: MATCHING FINANCIAL AND REAL OPTIONS (2000)Why do companies issue convertible bond loans? An empirical analysis for the Canadian market (2008)Do Investment Banks' Relationships with Investors Impact Pricing? The Case of Convertible Bond Issues (2012)Value and Capital (1939)The Economics of Information (1976)Estimating the Signaling Benefits of Debt Insurance: The Case of Municipal Bonds (1987)The Price Effects of Increased Competition in Auction Markets (1987)The Use of Knowledge in Society (1996)Assessing the Performance of Real Estate Auctions (1998)The Choice Between Equity and Debt: An Empirical Study (1982)The Capital Structure Puzzle (1984)The Capital Structure Puzzle (1984)Issuing costs to existing shareholders in competitive and negotiated underwritten public utility equity offerings (1986)Why underwrite rights offerings? Some new evidence (1997)Security Offerings**We thank Robert S. Hansen, Jay Ritter and Xueping Wu for suggestions. (2007)An Empirical Evaluation of Accounting Income Numbers (1968)Investigating Causal Relations by Econometric Models and Cross-spectral Methods (1969)The Theory of Economic Regulation (1971)The Adoption of Internationally Recognized Accounting Standards: Implications for the Credit Markets (2009)Fair Value Accounting for Financial Instruments: Does It Improve the Association Between Bank Leverage and Credit Risk? (2010)Rating Agency Adjustments to GAAP Financial Statements and Their Effect on Ratings and Bond Yields (2011)Determinants of Risk Premiums on Corporate Bonds (1959)Cyclical variations in the risk structure of interest rates (1975)Dual Bond Ratings: A Test of the Certification Function of Rating Agencies (1990)Earnings Predictability, Bond Ratings, and Bond Yields (2005)Do LGBT-Supportive Corporate Policies Improve Credit Ratings? An Instrumental-Variable Analysis (2018)A Theory of Auctions and Competitive Bidding (1982)How investment bankers determine the offer price and allocation of new issues (1989)Signalling by underpricing in the IPO market (1989)Uniform-Price Auctions: Evaluation of the Treasury Experience (1998)How do Treasury Dealers Manage their Positions? (2007)The U.S. Treasury Buyback Auctions: The Cost of Retiring Illiquid Bonds (2007)Corporate disclosure quality and the cost of debt. (1998)The Role of Accounting Conservatism in Mitigating Bondholder-Shareholder Conflicts over Dividend Policy and in Reducing Debt Costs (2002)On the trade-off between the future benefits and riskiness of R&D: a bondholders’ perspective (2003)How do Auditors Perceive Recognized vs. Disclosed Lease and Pension Obligations? Evidence from Fees and Going-Concern Opinions (2011)Effect of capitalizing operating leases on credit ratings: Evidence from Japan (2017)Split Ratings and Bond Reoffering Yields (1985)An empirical analysis of market and institutional mechanisms for alleviating information asymmetry in the municipal bond market (2004)Financial Contracting and the Choice between Private Placement and Publicly Offered Bonds (2004)Chapter 31 Seasoned equity offerings: A survey (1995)The Impact of SEC Rule 144A on Corporate Debt Issuance by International Firms (2004)Moody's and S&P Ratings: Are They Equivalent? Conservative Ratings and Split Rated Bond Yields (2010)Transaction costs and the small firm effect (1983)An Investigation of Transactions Data for NYSE Stocks (1985)Risk aversion, uncertain information, and market efficiency (1988)
this work references cited by second hop

References

  • 1966Some New Stock-Market Indexes538 cited
  • 1971A Study of the Effects of Competition in the Tax-exempt Bond Market165 cited
  • 1985The Rule 415 Experiment: Equity Markets155 cited
  • 1984SEC Rule 415: The Ultimate Competitive Bid86 cited
  • 1979The Impact of Underwriting Method and Bidder Competition Upon Corporate Bond Interest Cost85 cited

Cited by

  • 1988Risk premia and the pricing of primary issue bonds58 cited
  • 2004Differential Properties in the Ratings of Certified vs. Non-Certified Bond Rating Agencies57 cited
  • 1992Are US treasury bills underpriced in the primary market?50 cited
  • 2010Pricing of off‐balance sheet debt: how do bond market participants use the footnote disclosures on operating leases and postretirement benefit plans?49 cited
  • 1996The pricing of convertible debt offerings48 cited
  • 1990The Shelf Registration of Debt and Self Selection Bias43 cited
  • 2022Overallocation and secondary market outcomes in corporate bond offerings38 cited
  • 2012Exploring the Agency Cost of Debt: Evidence from the ISS Governance Standards36 cited
  • 1988Underpricing of Newly Issued Bonds: Evidence from the Swiss Capital Market35 cited
  • 2002

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Indexing a bond's call price: an analysis of make-whole call provisions
32 cited
  • 2020Underpricing in the euro area bond market: New evidence from post-crisis regulation and quantitative easing29 cited
  • 2018Bond yield and credit rating: evidence of Chinese local government financing vehicles29 cited
  • 2013Municipal Bond New Issue Transaction Costs26 cited
  • 1994THE REGULATION EFFECT OF CREDIT RATINGS ON BOND INTEREST YIELD: THE CASE OF JUNK BONDS26 cited
  • 1989The Value of Shelf Registration for New Debt Issues21 cited