Gadanecz, Blaise; Kara, Alper; Molyneux, Philip - In: Journal of International Financial Markets, … 22 (2012) 4, pp. 913-935
We examine the effect of information asymmetries among syndicate members on loan prices. To this end we focus on the previous number of borrowing/lending relationships between individual borrowers and lenders and the duration of these interactions. Using this new, direct and explicit measure on...