Securitized loans have lower lead bank shares but larger shares held by non-CLO institutional investors than non …-securitized loans. The result can largely be explained by their degree of information asymmetry and credit risk. We find that lead banks … securitized facilities during the boom of the CLO market. Furthermore, we find that securitized loans do not perform differently …

network theory with the case of cross-border syndicated loans. Syndicated loans are a highly important instrument of corporate … contracts can thus be helpful to address the legal issues of syndicated loans in different fields of law, ranging from conflict … of laws to antitrust law. In turn, the analysis of syndicated loans as an example of horizontal business networks can …

This paper analyzes banks' usage of CDS. Combining bank-firm syndicated loan data with a unique EU-wide dataset on …-dealers when they are more profitable. These results allow for a better understanding of banks' credit risk management …