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Keywords: Decision inertia
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Journal Articles
Self-selection bias or decision inertia? Explaining the municipal bond “competitive sale dilemma”
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Journal of Public Budgeting, Accounting & Financial Management (2018) 30 (1): 86–106.
Published: 05 March 2018
... and decision inertia hypotheses. Design/methodology/approach Logistic regressions and Heckman procedures are used to examine data from the California municipal bond primary market. Findings The paper finds that while information asymmetry does affect the selection of underwriting approach, self...
