shows the impacts of credit rationing and tightening credit conditions, even in the syndicated loans market. We investigate … relationships in syndicated loans, although these loans have became a major source of financing. The last financial crisis clearly … whether banking relationships help firms to benefit from better terms for syndicated loans in a chaotic financial environment …

loan syndicates. While the purpose of TARP was to stimulate the flow of credit during the economic downturn, the low cost … of capital could have functioned as a double-edged sword by imprudently increasing lenders' credit risk-appetite. Our … effectively prevented moral hazard by its participants as evidenced by the syndicated loans' more diversified structures. This …