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The design of bank loan syndicates in Emerging Markets Economies

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  • Godlewski, Christophe

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.

Suggested Citation

  • Godlewski, Christophe, 2007. "The design of bank loan syndicates in Emerging Markets Economies," MPRA Paper 4020, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:4020
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    Keywords

    Bank; Loan; Syndication; Syndicate Structure; Emerging Markets; Poisson Regressions;

    JEL classification:

    • 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; Probabilities

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