External support and bank behaviour in the international syndicated loan market

Banks that enjoyed generous external financial support tended to under-price risk in theinternational syndicated loan market and did not show signs of innovation in their loanparticipations. Loans arranged by such banks had on average lower spreads (controlling forrisk and other characteristics) and these banks retained loans that were on average pricedbelow market. When supported banks’ investment...

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Year of publication:	2008-11-01
Authors:	Gadanecz, Blaise ; Tsatsarōnēs, Kōstas ; Altunbaş, Yener
Institutions:	Bank für Internationalen Zahlungsausgleich <Basel>
Publisher:	Bank für Internationalen Zahlungsausgleich <Basel>
Subject:	Bank \| Portfoliomanagement \| portfolio management \| Risikoverhalten

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Extent:	200704 bytes 44 p. application/pdf
Series:	Bank for International Settlements - Working Papers BIS Working Paper ; No 265 (2008)
Type of publication:	Book / Working Paper
Language:	English
Classification:	G15 - International Financial Markets ; G21 - Banks; Other Depository Institutions; Mortgages ; Management of financial services: stock exchange and bank management science (including saving banks) ; Individual Working Papers, Preprints ; Global Resources
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10009248827