On the Benefits of Concurrent Lending and Underwriting

By Steven Drucker, Manju Puri. 2005

535 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/1e8efc50b220146a720852c8103738d0d0544c40

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

In Economics and Econometrics

In Finance

Citations in the corpus

The Economics of Conflicts of Interest in Financial Institutions (2006, unknown): “Drucker and Puri (2005) demonstrate that issuers issue equity at lower cost when the underwriter is also lending to them.”
Do Bank Relationships Affect the Firm's Underwriter Choice in the Corporate-Bond Underwriting Market? (2005, background): “5 In a related paper, Drucker and Puri (2005) also find that when an issuing firm receives lending from an underwriter around the time of the issue, it receives lower underwriter fees on seasoned equity offerings.”
Universal Banks and Corporate Control: Evidence from the Global Syndicated Loan Market (2012, background): “Although historically banks have held concentrated positions in some firms (La 1 Drucker and Puri (2006) report that U.”
Analysts’ Industry Expertise (2012, background): “, 2000; Madureira and Underwood, 2008), while the presence of a lending relationship affects the ability of a broker to secure future underwriting business (Drucker and Puri, 2005; Ljungqvist et al., 2006), get better terms for new security offerings (Puri, 1996), or provide better earnings forecast”
Corporate Social Responsibility and Firm Financial Performance: The Mediating Role of Productivity (2016, methodology): “…empirical research to pair treatment and nontreatment groups on a set of observable characteristics to remove relevant differences (Bharath et al. 2011; Drucker and Puri 2005), which provides a natural weighting scheme that yields unbiased estimates of the treatment effect (Dehejia and Wahba 2002).”
Lending Relationships and Information Rents: Do Banks Exploit Their Information Advantages? (2010, unknown): “[15] Drucker, Steven and Manju Puri, 2005, On the Benefits of Concurrent Lending and Underwriting,”
Inherited or Earned? Performance of Foreign Banks in Central and Eastern Europe (2008, unknown): “More recently, this method was used in finance to analyze both firm- (Giannetti and Ongena, 2008, Ioannidou and Ongena, 2008), and bank-level data (Drucker and Puri, 2005).”