informationally opaque and the lead bank retains a small loan share, suggesting some substitutability between participants' lending … experience and the lead bank's loan share. Another implication of our findings, which we confirm, is that participant banks do …

This paper empirically explores the monitoring behavior of banks. We are able to infer bank monitoring activity by … better understand the bank monitoring motives and abilities. We find banks more closely monitor those credits to which they …

decline in loan maturity is bank driven. In line with this premise, we find that the slope of the loan yield curve becomes …

between these vehicles and lead banks. CLOs that have a relationship with the lead bank of the renegotiated loan are strong … fund not only their portion of the loan increase, but also the portion that was supposed to be funded by the lead bank. Our … findings highlight the previously unrecognized role of the growing presence of non-bank lenders in corporate lending. …