The past decade has seen significant changes in the structure of the corporate lending market, with non-bank … institutional investors playing larger roles than they historically have played. These non-bank institutional lenders typically have … higher required rates of return than banks, but invest in the same loan facilities. We hypothesize that non-bank …

Banks develop network connections through co-syndication relationships with multiple lenders. We create measures of … network centrality based on banks' historical co-syndication ties and find that well-connected lenders are more likely to gain … transferring of firms' lending relationships after bank consolidations. Well-connected banks offer lower spreads to firms with more …

The Farm Credit System (FCS) is an important source of financing for many rural communities in the United States. As a … government-sponsored enterprise (GSE), the FCS has a mandate to provide credit to farmers, ranchers, and aquatic producers at … syndicated loan market. This paper investigates whether FCS participation in this market affects the supply and pricing of credit …

The past decade has seen significant changes in the structure of the corporate lending market, with non-bank … institutional investors playing larger roles than they historically have played. These non-bank institutional lenders typically have … higher required rates of return than banks, but invest in the same loan facilities. We hypothesize that non-bank …

This study aims to assess interconnectedness and risk in the market for syndicated loans to Japan's real estate … contagion via a syndicated loan market is expected based on syndicated loans outstanding at the end of 2021. Finally, this study … contributes to the literature on interconnectedness, credit risk, and systemic risk in J-REIT's syndicated loan network …

) loans that include non-bank institutional lenders. These findings are consistent with lender disqualification provision … assigning loans to entities on a disqualified lender list provided by borrowers during loan origination. We provide evidence … inclusion in loan contracts to reduce proprietary costs and bargaining frictions that result from non-bank institutional lender …