Syndicated Loans in Emerging Markets

Christophe J. Godlewski () and Laurent Weill ()

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

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: G21 C25 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ban and nep-cwa
Date: 2007
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Related works:
Journal Article: Syndicated loans in emerging markets (2008)
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Persistent link: http://EconPapers.repec.org/RePEc:lar:wpaper:2007-03

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