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
References: Add references at CitEc
Citations:
Downloads: (external link)
https://mpra.ub.uni-muenchen.de/4020/1/MPRA_paper_4020.pdf original version (application/pdf)
Related works:
Journal Article: The Design of Bank Loan Syndicates in Emerging Market Economies (2008)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:4020
Access Statistics for this paper
More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().