Wittenberg-Moerman, Regina - In: Journal of Accounting and Economics 46 (2008) 2-3, pp. 240-260
I explore which firm and loan characteristics decrease or exacerbate information asymmetry in the trading of private debt. I find that loans of public firms, loans with an available credit rating, loans of profit firms and loans syndicated by more reputable arrangers are traded at lower bid-ask...