Lee, Sang Whi; Kwag, Seung-Woog; Mullineaux, Donald J.; … - Center for Economic Institutions, Institute of Economic … - 2006
We examine how borrower firm characteristics affect the size structure in the Japanese syndicated loan market for the 1999-2003 period. Consistent with the view by Lee and Mullineaux (2004), we find that syndicates are smaller when borrowers have higher credit risk, while firms with greater...