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1984•The Journal of Financial ResearchRequires access

THE INFLUENCE OF OFFERING YIELD ON UNDERWRITING SPREAD

M. Wayne Marr, G. Rodney Thompson

Open publisher page 4 citations

Abstract

Abstract This paper presents a model that explains variation in underwriting spreads among primary issues of investment quality bonds and assesses the impact that offering yields have on underwriting spreads. The results indicate that issues having higher (lower) offering yields pay lower (higher) underwriting spreads.

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What this paper is about

Abstract This paper presents a model that explains variation in underwriting spreads among primary issues of investment quality bonds and assesses the impact that offering yields have on underwriting spreads. The results indicate that issues having higher (lower) offering yields pay lower (higher) underwriting spreads.

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Available abstract

Abstract This paper presents a model that explains variation in underwriting spreads among primary issues of investment quality bonds and assesses the impact that offering yields have on underwriting spreads. The results indicate that issues having higher (lower) offering yields pay lower (higher) underwriting spreads.

Key concepts: Underwriting, Yield (engineering), Business, Investment (military), Bond, Investment banking, Monetary economics, Actuarial science

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