Massoud, Nadia; Nandy, Debarshi; Saunders, Anthony; … - In: Journal of Financial Economics 99 (2011) 3, pp. 477-499
This paper investigates an important contemporary issue relating to the involvement of hedge funds in the syndicated loan market. In particular, we investigate the potential conflicts of interest that arise when hedge funds make syndicated loans and take short positions in the equity of...