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Does Poor Performance Damage the Reputation of Financial Intermediaries? Evidence from the Loan Syndication Market

Gopalan, Radhakrishnan - 2010

We investigate the effect of poor performance on financial intermediary reputation by estimating the effect of large …-scale bankruptcies among a lead arranger's borrowers on its subsequent syndication activity. Consistent with reputation damage, such lead …

Persistent link: https://www.econbiz.de/10013146747