How do lenders use their reputation when participating in syndicated loans? I address this question by focusing on … syndicate composition with respect to participants' reputation and its impact on loan spreads. I find that lender reputation … market finance features, rather than bank finance. However I find no evidence that lenders use their reputation and the …

U-shaped function of his reputation for accuracy: being perceived as more precise allows to attract more good sellers … but a high expected precision also deters bad sellers. Since the certifier tries to reach a balanced reputation to attract … both types, reputation has a disciplining effect when the certifier is perceived as insufficiently accurate, but gives …

monopolistic certifier can be hump-shaped in its reputation for accuracy: a higher accuracy attracts high-quality sellers but … one certifier, competition plays a disciplining role and the region where reputation is bad shrinks. Conversely, this …