El-Mahdy, Dina; Park, Myung - In: Review of Quantitative Finance and Accounting 43 (2014) 4, pp. 683-720
the US secondary loan market. We also investigate which types of ICDs intensify or mitigate conditions of information … predictions, we find that while ICDs increase information asymmetry in the secondary loan market, the inimitable characteristics … in the secondary loan market (e.g., syndication, loan credit rating, financial covenants, and loan size) help to mitigate …