haku: @author Iskandar-Datta, M. / yhteensä: 8
viite: 3 / 8
| Tekijä: | Datta, S. Iskandar-Datta, M. Patel, M. |
| Otsikko: | Bank monitoring and the pricing of corporate public debt |
| Lehti: | Journal of Financial Economics
1999 : MAR, VOL. 51:3, p. 435-450 |
| Asiasana: | BANKS PRICING DEBT |
| Kieli: | eng |
| Tiivistelmä: | The authors examine whether the existence of a bank/firm relationship lowers the cost of public debt financing. Using a sample of first public straight debt offers, the authors test the cross-monitoring effect of bank debt and Diamond's reputation-building argument. The authors find that the existence of bank debt lowers that at-issue yield spreads for first public straight bond offers by about 68 basis points, on average. |
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