The Market for New Issues of Municipal Bonds: The Roles of Transparency and Limited Access to Retail Investors

By Paul H. Schultz. 2012

147 citations recorded by the source corpus.

Subfields: Finance

View Paper: https://www.semanticscholar.org/paper/85b2bc414cb80442908716e2df8b9c6876bf8bc9

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In Finance

1. Chang Lee
2. Pengjie Gao
3. Dermot Murphy

Citations in the corpus

• Sea Level Rise and Municipal Bond Yields (2020, unknown): “We measure climate change beliefs at the state level since state-level tax laws lead to segmentation in the municipal bond market (Schultz (2012)).”
• Climate Change News Risk and Corporate Bond Returns (2020, unknown): “The municipal bond market is highly segmented because the tax incentives given to local investors cause municipal bonds to be tightly held by local investors (Schultz (2012) and Schwert (2017)).”
• Financing dies in darkness? The impact of newspaper closures on public finance (2020, background): “One important reason for this segmentation, according to Schultz (2012) , is the differences in tax treatments for in-state and out-ofstate municipal bonds.”