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You are looking at 1-10 of 17 items for:

Economics x Investment Banking x Financial Regulation x clear all

Bank Ratings and Lending Supply: Evidence from Sovereign Downgrades

Manuel Adelino and Miguel A. Ferreira.

in The Review of Financial Studies

July 2016; p ublished online January 2016 .

Journal Article. Subjects: Monetary Policy, Central Banking, and the Supply of Money and Credit; Banking; Investment Banking; Financial Regulation; National Budget, Deficit, and Debt. 16940 words.

We study the causal effect of bank credit rating downgrades on the supply of bank lending. The identification strategy exploits the asymmetric impact of sovereign downgrades on the ratings...

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Banking and Trading

Arnoud W. A. Boot and Lev Ratnovski.

in Review of Finance

October 2016; p ublished online January 2016 .

Journal Article. Subjects: Banking; Investment Banking; Financial Regulation; Corporate Governance. 12376 words.

We study the interaction between relationship banking and short-term arm’s length activities of banks, called trading. We show that a bank can use the franchise value of its relationships...

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Conflicts of Interest and Stock Recommendations: The Effects of the Global Settlement and Related Regulations

Ohad Kadan, Leonardo Madureira, Rong Wang and Tzachi Zach.

in The Review of Financial Studies

October 2009; p ublished online January 2009 .

Journal Article. Subjects: Economics; Investment Banking; Financial Regulation. 13198 words.

We study the effect of the Global Analyst Research Settlement and related regulations on sell-side research. These regulations attempted to mitigate the interdependence between research and...

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Distance Still Matters: Evidence from Municipal Bond Underwriting

Alexander W. Butler.

in The Review of Financial Studies

April 2008; p ublished online February 2008 .

Journal Article. Subjects: Investment Banking; Financial Regulation; Information, Knowledge, and Uncertainy. 10558 words.

Using a sample of municipal bond offerings, I find that “local” investment banks have substantial comparative and absolute advantages over nonlocal counterparts-–locals charge lower fees...

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Does the Market Understand Rating Shopping? Predicting MBS Losses with Initial Yields

Jie (Jack) He, Jun (Q. J.) Qian and Philip E. Strahan.

in The Review of Financial Studies

February 2016; p ublished online November 2015 .

Journal Article. Subjects: Banking; Investment Banking; Financial Regulation; Economics; Market Structure, Firm Strategy, and Market Performance. 13672 words.

We study rating shopping on the MBS market. Outside of AAA, losses are higher on single-rated tranches than on multi-rated ones, and yields predict future losses for single-rated tranches,...

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The Economic Consequences of IPO Spinning

Xiaoding Liu and Jay R. Ritter.

in The Review of Financial Studies

May 2010; p ublished online March 2010 .

Journal Article. Subjects: Investment Banking; Financial Regulation. 17309 words.

Using a sample of fifty-six companies going public in 1996–2000 in which top executives received allocations of other hot initial public offerings (IPOs) from the bookrunner, a practice...

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The Effectiveness of Reputation as a Disciplinary Mechanism in Sell-Side Research

Lily Fang and Ayako Yasuda.

in The Review of Financial Studies

September 2009; p ublished online January 2009 .

Journal Article. Subjects: Economics; Investment Banking; Financial Regulation; Information, Knowledge, and Uncertainy; Particular Labour Markets. 17652 words.

We examine whether the quality differentials in earnings forecasts between reputable and nonreputable analysts vary with the severity of conflicts of interest. We measure personal...

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The Effects of Government-Sponsored Venture Capital: International Evidence

James A. Brander, Qianqian Du and Thomas Hellmann.

in Review of Finance

March 2015; p ublished online March 2014 .

Journal Article. Subjects: Investment Banking; Financial Regulation. 18777 words.

This article examines enterprises funded by government-sponsored venture capitalists (GVCs). We find that enterprises funded by both GVCs and private venture capitalists (PVCs) obtain more...

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Endogenous Entry and Partial Adjustment in IPO Auctions: Are Institutional Investors Better Informed?

Yao-Min Chiang, Yiming Qian and Ann E. Sherman.

in The Review of Financial Studies

March 2010; p ublished online September 2009 .

Journal Article. Subjects: Investment Banking; Financial Regulation; Corporate Governance. 15538 words.

Using a unique dataset of complete bid information for every IPO auction in Taiwan during 1995–2000, we examine the behaviors and returns of two groups—institutional and retail investors—in...

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Estimating the Costs of Issuer-Paid Credit Ratings

Jess Cornaggia and Kimberly J. Cornaggia.

in The Review of Financial Studies

September 2013; p ublished online July 2013 .

Journal Article. Subjects: Economics; Investment Banking; Financial Regulation; Corporate Governance. 17422 words.

We compare the stability and timeliness of credit ratings produced by a traditional issuer-paid rating agency (Moody's Investors Service) and a subscriber-paid rater (Rapid Ratings)....

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