EconPapers    
Economics at your fingertips  
 

Link About It: Information Asymmetry, Knowledge Pooling and Syndication in Project Finance Lending

Gaby Contreras, J. Bos and Stefanie Kleimeier ()
Additional contact information
Gaby Contreras: radboud universiteit nijmegen

No 8, Research Memorandum from Maastricht University, Graduate School of Business and Economics (GSBE)

Abstract: In a collaborative setting, banks have an additional way to deal with asymmetric information between themselves and their borrowers: by pooling information. We explore the extent to which lead arrangers in the project finance syndicated lending market strategically choose their new partners in order to pool information, thereby lowering the overall degree of asymmetric information between themselves and their borrowers. We find that information pooling explains with whom banks collaborate, why they reach further into their network to find new partners and why they go outside their existing network if the need to pool information is high enough.

Keywords: financial; economics; and; financial; management (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ppm
Date: 2018-04-05
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://cris.maastrichtuniversity.nl/portal/files/25440319/content (application/pdf)

Related works:
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:unm:umagsb:2018008

Access Statistics for this paper

More papers in Research Memorandum from Maastricht University, Graduate School of Business and Economics (GSBE) Contact information at EDIRC.
Bibliographic data for series maintained by Leonne Portz ().

 
Page updated 2019-09-09
Handle: RePEc:unm:umagsb:2018008