Who lends to riskier and lower-profitability firms? Evidence from the syndicated loan market

This paper exploits a unique data set on bank–firm relationships based on syndicated loan deals to examine the effect of banks’ credit risk and capital on firms’ risk and performance. Our data set is a multilevel cross-section, which essentially allows controlling for all bank and firm characteristi...

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Veröffentlicht in:	Journal of banking & finance 2015-12, Vol.61, p.S14-S21
Hauptverfasser:	Iosifidi, Maria, Kokas, Sotirios
Format:	Artikel
Sprache:	eng
Schlagworte:	Adverse selection Bank–firm relationships Capital ratios Credit risk Market value Participating loans Profitability Risk Studies Syndicated loans
Online-Zugang:	Volltext
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