NEGOTIATED VERSUS COMPETITIVE UNDERWRITINGS OF CORPORATE BONDS

Authors

  • Louis H. Ederington

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    • Associate Professor of Economics, Georgia State University. The helpful comments of Hyman Minsky, David Sjoquist, Bruce Fielitz, Dixon Cunningham and the referee, John Percival are gratefully acknowledged. This article is based on the author's doctoral dissertation. The Harold Stonier Foundation of the American Bankers Association provided financial support for the dissertation and the Bureau of Business and Economic Research of Georgia State University supported subsequent research.

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