Showing 1 - 10 of 42
"We offer a new explanation of loan syndicate structure based on banks' comparative advantage in managing systematic liquidity risk. When a syndicated loan to a rated borrower has systematic liquidity risk, the fraction of passive participant lenders that are banks is about 8% higher than for...
Persistent link: https://www.econbiz.de/10003729140
Persistent link: https://www.econbiz.de/10003326239
Persistent link: https://www.econbiz.de/10003307169
Persistent link: https://www.econbiz.de/10003337380
Persistent link: https://www.econbiz.de/10003885844
Persistent link: https://www.econbiz.de/10003886730
Persistent link: https://www.econbiz.de/10003445299
Persistent link: https://www.econbiz.de/10009521128
Persistent link: https://www.econbiz.de/10003827702
We offer a new explanation of loan syndicate structure based on banks' comparative advantage in managing systematic liquidity risk. When a syndicated loan to a rated borrower has systematic liquidity risk, the fraction of passive participant lenders that are banks is about 8% higher than for...
Persistent link: https://www.econbiz.de/10003659273