Mattes, Julian; Steffen, Sascha; Wahrenburg, Mark - In: Journal of Financial Services Research 43 (2013) 2, pp. 175-195
In this paper, we seek empirical evidence for information rents in loan spreads by analyzing a sample of UK syndicated loan contracts for the period from 1996 to 2005. We use various measures for borrower opaqueness and control for bank, borrower and loan characteristics and we find that...
