Does a banking relationship help a firm on the syndicated loans market in a time of financial crisis? - HAL-SHS - Sciences de l'Homme et de la Société Accéder directement au contenu
Pré-Publication, Document De Travail Année : 2010

Does a banking relationship help a firm on the syndicated loans market in a time of financial crisis?

Résumé

The volume of credit granted in the form of syndicated loans saw a marked downturn in 2008. This article seeks to understand how certain firms were nonetheless able to benefit from larger facilities or a lower interest rate than others. Using a sample of syndicated loans issued in 2008 in North America and Europe, and records of syndicated loans since 2003, we show that firms that had developed a relationship with an investment bank obtained a lower spread, but did not benefit from greater loan facilities or longer maturities.
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Dates et versions

halshs-00538328 , version 1 (22-11-2010)

Identifiants

  • HAL Id : halshs-00538328 , version 1

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Herve Alexandre, Karima Bouaiss, Catherine Refait-Alexandre. Does a banking relationship help a firm on the syndicated loans market in a time of financial crisis?. 2010. ⟨halshs-00538328⟩
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