Syndicated Loans in Emerging Markets

Christophe Godlewski and Laurent Weill

Working Papers of LaRGE Research Center from Laboratoire de Recherche en Gestion et Economie (LaRGE), Université de Strasbourg

Abstract: There has been a considerable expansion of the volume of syndicated loans in emerging markets in the recent years. We provide the first analysis of the determinants of the decision of banks to syndicate a loan on a sample of loan facilities from 50 emerging countries. We show the significant role of loan characteristics and of financial development, banking regulation, and legal institutions, on the decision to syndicate a loan. We support the efforts of authorities to increase banking competition and efficiency, and to implement binding banking regulation on capital requirement to promote the expansion of syndicated loans.

Keywords: Bank; Loan; Syndication; Emerging Markets; Logit Regressions. (search for similar items in EconPapers)
JEL-codes: C25 G21 (search for similar items in EconPapers)
Date: 2007
New Economics Papers: this item is included in nep-ban and nep-cwa
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Related works:
Journal Article: Syndicated loans in emerging markets (2008)
Working Paper: Syndicated loans in emerging markets (2008)
Working Paper: Syndicated loans in emerging markets (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:lar:wpaper:2007-03

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