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Borrowing by way of a loan facility can provide a borrower with a flexible and efficient source of funding. If a borrower requires a large or sophisticated facility or multiple types of facility this is commonly provided by a group of lenders known as a syndicate under a syndicated loan...
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We identify a group of lenders specializing in syndicating tradable loans (referred to as transactional lenders, “TLs”). We show that borrowers borrowing from TLs experience worse operating performance and more severe credit quality deterioration after loan origination compared to those...
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We draw on stylized facts from the finance literature to build a model where altering the relative costs of bank and …
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Does targeted financial development favor small firms or large ones? And how do resulting changes in the distribution of firm size affect aggregate outcomes? We assess the macroeconomic implications of known stylized facts from the finance literature regarding firm size and financial frictions...
Persistent link: https://www.econbiz.de/10013139996
the bank lending industry. This paper analyzes the credit information market as a particular case of vertical … disintegration in the bank credit origination value chain. The main aim is to identify the relevant drivers which lead to vertical … analyses the different structures of credit reporting. Section 6 analyzes the bank decisions to make or buy credit reporting in …
Persistent link: https://www.econbiz.de/10013000470