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Retail loan markets create special challenges for credit risk assessment. Borrowers tend to be informationally opaque and borrow relatively infrequently.(...)
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advisors to acquirers. In particular, the target earns higher abnormal returns when the target's own bank certifies the (more …. Second, acquirers predominantly use commercial bank advisors to obtain access to bank loans that may be used to finance the …. Moreover, the advising bank's recommendations may be distorted by considerations related to credit exposure incurred in both …
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