Hale, Galina; Santos, Joao A. C. - Federal Reserve Bank of San Francisco - 2008
FEDERAL RESERVE BANK OF SAN FRANCISCO
WORKING PAPER SERIES
Working Paper 2008-14
http://www.frbsf.org/publications/economics …-bank-dependent borrowers over the business cycle.
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information arises from the documents firms have to disclose for their SEC registration …
economies of scale are prevalent in the underwriting business, we would expect larger issues to
pay lower underwriting costs. In …