Does proximity matter in international bond underwriting?

2010 ◽  
Vol 34 (9) ◽  
pp. 2027-2041 ◽  
Author(s):  
Sie Ting Lau ◽  
Jing Yu
Keyword(s):  
Bond Underwriting

scholarly journals Properties Of Analyst Forecasts And Bond Underwriting Relationship: Evidence From Korea

2017 ◽  
Vol 33 (4) ◽  
pp. 809
Author(s):  
Seong Ho Bae ◽  
Seok Woo Jeong ◽  
Woo Jae Lee ◽  
Kwangwuk Oh
Keyword(s):  
Conflict Of Interest ◽  
Analyst Forecasts ◽  
Ex Post ◽  
Bond Underwriting ◽  
Mere Existence ◽  
Security Companies

Previous studies find that analysts forecast earnings more optimistically but inaccurately when they face the conflict of interest (COI). We extend this line of research by examining whether analysts’ forecasting behavior affected by the mere existence of potential COI are related with underwriting contracts.We document that analysts affiliated with security companies that become underwriters ex post issue more optimistic but less accurate forecasts for firms to issue bonds in Korea. We also find that firms to issue bonds are likely to award underwriting contracts to security companies with analysts who issue more optimistic but less accurate forecasts.   

On the Benefits of Universal Banks: Concurrent Lending and Corporate Bond Underwriting

FEDS Notes ◽  
2018 ◽  
Vol 2018 (2143) ◽  
Author(s):  
Elliot Anenberg ◽  
◽  
Maggie Church ◽  
Serafin Grundl ◽  
You Suk Kim ◽  
...  
Keyword(s):  
Corporate Bond ◽  
Bond Underwriting
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