This paper investigates empirically the relationship between credit spreads and credit
default swap spreads, and how these spreads react to changes in credit ratings. Our findings …

We examine the role of underwriter reputation in the tax-exempt municipal bond market. Using
a large sample of 10,239 tax-exempt municipal bonds, we show that generally, reputation …

We provide an empirical support for theories of lender specialization using the recently
developed market for Debtor-in-Possession (DIP) financing. The legal environment in which DIP …

Donor insemination or DI is the oldest and most widely practised form of assisted conception
but, until relatively recently, it had been assessed largely from a medical perspective. This …

Significantly more and more issuers of municipal bonds use the services of financial advisors
during the bond issuance process. We investigate the benefits to issuers and market …

This study analyzes data from the 1992 Survey of Consumer Finances and finds significant
differences in asset and liability combinations between Black and White households. In …

IN RECENT YEARS, there has been a substantial change in the arrangements by which
households can manage their transactions balances. The removal of Regulation Q and the …

We study the influence of the evolution in intrastate and interstate deregulations on the total
factor productivity growth of US commercial banking during 1971-95. We consider statewide …

Using a system of equations approach, this paper empirically tests the impact of credit
quality, asset maturity, and other issuer and issue characteristics on the maturity of municipal …

The term “information content of dividends” is widely cited in the finance literature. The
information content of dividend hypothesis is a firm-specific hypothesis which contends that …