Syndicated loans in emerging markets
AbstractThere 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, in 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.
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Bibliographic InfoArticle provided by Elsevier in its journal Emerging Markets Review.
Volume (Year): 9 (2008)
Issue (Month): 3 (September)
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Web page: http://www.elsevier.com/locate/inca/620356
Other versions of this item:
- Christophe Godlewski & Laurent Weill, 2008. "Syndicated loans in emerging markets," ULB Institutional Repository 2013/14182, ULB -- Universite Libre de Bruxelles.
- Christophe J. Godlewski & Laurent Weill, 2007. "Syndicated Loans in Emerging Markets," Working Papers of LaRGE Research Center 2007-03, Laboratoire de Recherche en Gestion et Economie (LaRGE), Université de Strasbourg (France).
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
- C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions
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