Caporale, Guglielmo Maria; Lodh, Suman; Nandy, Monomita - 2015
This paper examines the impact of the recent global financial crisis on the cost of debt capital (syndicated loans) in … a leading emerging market, namely China, using difference-in-differences and GARCH approaches. Before the crisis China … result, during the crisis the volume of syndicated loans grew steadily, in contrast to other countries. In addition, the …