The design of bank loan syndicates in Emerging Markets Economies

Christophe Godlewski

MPRA Paper from University Library of Munich, Germany

Abstract: We empirically explore the influence of loan characteristics, banking and financial structure, and regulatory and institutional factors on the design of 10,930 bank loan syndicates in emerging market economies from 1990 to 2006. Our results show that the structure of syndicates is adapted to enhance monitoring of the borrower and to increase the efficiency of re-contracting process in case of borrower's distress. Main syndication motives, such as loans portfolio diversification, regulatory pressure and management costs reduction, influence syndicate design in emerging markets economies.

Keywords: Bank; Loan; Syndication; Syndicate Structure; Emerging Markets; Poisson Regressions (search for similar items in EconPapers)
JEL-codes: C25 G21 (search for similar items in EconPapers)
Date: 2007-07
New Economics Papers: this item is included in nep-ban, nep-com, nep-reg and nep-tra
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Related works:
Journal Article: The Design of Bank Loan Syndicates in Emerging Market Economies (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:4020

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