Gasbarro, Dominic; Le, Kim-Song; Schwebach, Robert G.; … - In: Journal of Financial Research 27 (2004) 1, pp. 133-141
Announcements of syndication loans increase borrowers' shareholder wealth if they are revolving credit agreements but not if they are term loans. Share price responses to revolving credit announcements are positive and significant, whereas the wealth effect for term loans is negative and...
