against hold-up. -- Banking Competition ; Coordination ; Distress ; Credit Spread ; Hold-up …This paper analyzes loan pricing when there is multiple banking and borrower distress. Using a unique data set on SME … lending collected from major German banks, we can instrument for effective coordination between lenders, carrying out a panel …

This paper analyzes loan pricing when there is multiple banking and borrower distress. Using a unique data set on SME … lending collected from major German banks, we can instrument for effective coordination between lenders, carrying out a panel … estimation. The analysis allows to distinguish between rents that accrue due to single bank lending, rents that accrue due to …

In the recent theoretical literature on lending risk, the coordination problem in multi-creditor relationships have … pools, a legal institution aiming at coordinating lender interests in borrower distress. We report three major findings … coordination costs being positively related to pool size. Third, major determinants of pool formation are found to be the number of …

In the recent theoretical literature on lending risk, the coordination problem in multicreditor relationships have been … institution aiming at coordinating lender interests in borrower distress. We report three major findings. First, the existence of … creditor pools increases the probability of workout success. Second, the results are consistent with coordination costs being …

In the recent theoretical literature on lending risk, the coordination problem in multi-creditor relationships have … pools, a legal institution aiming at coordinating lender interests in borrower distress. We report three major findings … coordination costs being positively related to pool size. Third, major determinants of pool formation are found to be the number of …

In the recent theoretical literature on lending risk, the coordination problem in multi-creditor relationships have … pools, a legal institution aiming at coordinating lender interests in borrower distress. We report three major findings … coordination costs being positively related to pool size. Third, major determinants of pool formation are found to be the number of …

We analyse the coordination problem in multi-creditor relationships empirically, relying on a unique panel data set … creditor pools, a legal institution aiming at coordinating lender interests in borrower distress. We report three major … consistent with coordination costs being positively related to pool size. Third, major determinants of pool formation are found …

bank pools increases the probability of workout success and that coordination costs are positively related to pool size. We …In the recent theoretical literature on lending risk, the common pool problem in multi-bank relationships has been … credit-fie information on distressed lending relationships in Germany. In particular, it includes information on bank pools …

German banks experienced a merger wave throughout the 1990s. However, the success of bank mergers remains a continuous …