Lifting the veil: The price formation of corporate bond offerings
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DOI: 10.1016/j.jfineco.2021.06.037
Abstract: Abstract Using newly available data on initial prices, this study is the first to analyze the price-updating process associated with corporate bond (CB) offerings. Similar to the case for equity IPOs, the evidence shows bookbuilding… read more here.
Keywords: bond offerings; lifting veil; price; veil price ... See more keywords