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L’organisation des syndicats bancaires en France:taille, concentration et réputation

  • Christophe Godlewski

    ()

    (Université de Strasbourg (EM Strasbourg))

(VF)Dans cet article, nous étudions les facteurs susceptibles d’influencer la structure des syndicats bancaires en France, sur la période 1998-2006, et nous proposons un modèle empirique de cette structure, mesurée par la taille, la concentration et la réputation. Nous montrons que la structure des syndicats bancaires en France est influencée à la fois par les caractéristiques du prêt, mais également de l’emprunteur. Cette structure est bien une réponse organisationnelle adaptée aux problèmes d’agence inhérents à la syndication bancaire. Par ailleurs, les motifs de diversification du risque sont également des déterminants importants de la structure des syndicats bancaires.(VA)In this article, we examine the factors that influence the structure of bank syndicates in France during the 1998-2006 period, and we propose an empirical model of this structure, measured by its size, concentration and reputation. We show that both loan and borrower characteristics influence the structure of bank syndicates in France. Their organization is a response to agency problems typically implied by loan syndication. Furthermore, risk diversification also appears to be an important determinant of the structure of bank syndicates.

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Article provided by revues.org in its journal Revue Finance Contrôle Stratégie.

Volume (Year): 12 (2009)
Issue (Month): 3 (September)
Pages: 37-63

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Handle: RePEc:dij:revfcs:v:12:y:2009:i:q3:p:37-63.
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