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Borrower risk and the price and nonprice terms of bank loans

Strahan, Philip E. - 1999

Persistent link: https://www.econbiz.de/10001415061

Gatev, Evan G. (contributor); Strahan, Philip E. (contributor) - 2008

"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

Liquidity risk and syndicate structure

Gatev, Evan G.; Strahan, Philip E. - In: Journal of financial economics 93 (2009) 3, pp. 490-504

Persistent link: https://www.econbiz.de/10003886730

How laws and institutions shape financial contracts : the case of bank loans

Qian, Jun; Strahan, Philip E. - In: The journal of finance : the journal of the American … 62 (2007) 6, pp. 2803-2834

Persistent link: https://www.econbiz.de/10003593817

Liquidity risk and syndicate structure

Gatev, Evan G.; Strahan, Philip E. - 2008

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...