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Keywords: secondary trading
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Journal Articles
AUDITING: A Journal of Practice & Theory (2020) 39 (1): 21–41.
Published: 01 February 2020
... opinions for both primary market issuances and secondary trading. For example, in a propensity score matched sample, we find that, on average, primary market yields are higher by 34 higher basis points for municipalities receiving qualified/adverse audit opinions. Our primary market findings hold for two...