Distance Still Matters: Evidence from Municipal Bond Underwriting

By Alexander W. Butler. 2002

250 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/bd05c97926dc02692c28f458811923abf572017e

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Citations in the corpus

The Invisible Hand of the Government: Moral Suasion during the European Sovereign Debt Crisis (2019, unknown): “Grinblatt and Keloharju, 2001; Chan, Covrig, and Ng, 2005; Butler, 2008). Gianetti and Laeven (2012) show that banks materially increase their home bias in corporate lending in the presence of adverse economic shocks. Horvath, Huizinga and Ioannidou (2015) document an increase in home bias in banks’”
Does Religion Matter to Equity Pricing? (2012, unknown): “…2009), CEO pay (Francis et al. 2010), analysts’ forecasting accuracy (Malloy 2005), information resolution for bank lending (Degryse and Ongena 2005; Butler 2008; Agarwal and Hauswald 2010), and ‘‘local bias’’ in mutual fund investments and individual investors’ portfolio decisions (Coval and…”
Does Information Asymmetry Matter to Equity Pricing? Evidence from Firms’ Geographic Location (2010, unknown): “It also affects the quality of financial reporting (Kedia and Rajgopal, 2009); analysts’ forecasting accuracy (Malloy, 2005); information resolution for bank lending (Petersen and Rajan, 2002; Degryse and Ongena, 2005; Butler, 2008; Agarwal and Hauswald, 2010); knowledge transfer (Audretsch and Feld”
The Flight Home Effect: Evidence from the Syndicated Loan Market During Financial Crises (2012, background): “…countries with diverse institutional environments (Chan et al., 2005), within countries because investors exhibit a preference for geographically proximate (domestic) assets (Coval and Moskowitz, 1999, 2001; Grinblatt and Keloharju, 2001), and for different assets including bonds (Butler, 2008).”
Drivers behind the monitoring effectiveness of global institutional investors: Evidence from earnings management (2016, unknown): “For example, Carleton et al. (1998) study private negations by a large U.”
Distance and Private Information in Lending (2010, background): “Local underwriters of municipal debt can price informationally opaque issues more aggressively precisely because their knowledge of local conditions and personal relationships with issuers and investors grants them access to critical soft information (Butler, 2008). Goetzman et al. (2004), who study”