The design of bank loan syndicates in Emerging Markets Economies
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.Download Info
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 4020.Length:
Date of creation: Jul 2007
Date of revision:
Handle: RePEc:pra:mprapa:4020
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Related research
Keywords: Bank; Loan; Syndication; Syndicate Structure; Emerging Markets; Poisson Regressions;Other versions of this item:
- Christophe J Godlewski, 2008. "The Design of Bank Loan Syndicates in Emerging Market Economies," The IUP Journal of Financial Economics, IUP Publications, vol. 0(2), pages 7-29, June.
- 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
This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-07-20 (All new papers)
- NEP-BAN-2007-07-20 (Banking)
- NEP-COM-2007-07-20 (Industrial Competition)
- NEP-REG-2007-07-20 (Regulation)
- NEP-TRA-2007-07-20 (Transition Economics)
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