Showing 1 - 10 of 25
"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/10003885844
Persistent link: https://www.econbiz.de/10003886730
Persistent link: https://www.econbiz.de/10003593817
Persistent link: https://www.econbiz.de/10011327268
Persistent link: https://www.econbiz.de/10009521128
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
Persistent link: https://www.econbiz.de/10002568478
Persistent link: https://www.econbiz.de/10002635975
Persistent link: https://www.econbiz.de/10002578147