Working papers

Working papers

The ECGI Working Paper series is a repository of academic research papers produced by ECGI Research members consisting of highly qualified and renowned academics from across the globe. The series is managed by a team of ECGI Editors and the papers focus on Corporate Governance topics in both Law and Finance fields.

New Working Papers

Underwriter Competition and Bargaining Power in the Corporate Bond Market

We develop a new measure of underwriter bargaining power and a novel empirical approach, based on underwriters’ comparative ability to place bonds. When an issuer has few “outside options” to take her bond to the market, the underwriter enjoys a...Read more

Ekaterina Neretina
Luc Renneboog
22 January 2018
E.g., 2018-01-23
E.g., 2018-01-23