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1

Zhai, Wei. "Essays on the syndicated loan market." Thesis, University of Bristol, 2018. https://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.752775.

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2

Xiao, Yibo. "ESSAYS ON THE SYNDICATED LOAN MARKET." Diss., Temple University Libraries, 2009. http://cdm16002.contentdm.oclc.org/cdm/ref/collection/p245801coll10/id/60231.

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Business Administration<br>Ph.D.<br>The syndicated loan is become more and more important for firm's financing. We study three important aspects of loan syndication: the lead arranger's reputation effect on syndicated loan pricing, the switching behavior for repeat syndicate loans and the effect of country-specific bank-firm ownership structure on syndicated loan pricing and bank-firm relationship of repeat loans. The first chapter analyzes the reputation effect of the lead arranger on syndicated loan pricing, based on a sample of loan facilities to non-financial U.S. firms over the 199
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3

Stanziola, Irene. "International finance : financing a syndicated loan agreement." Thesis, McGill University, 1986. http://digitool.Library.McGill.CA:80/R/?func=dbin-jump-full&object_id=65524.

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4

Streitz, Daniel. "Three essays on the syndicated loan market." Doctoral thesis, Humboldt-Universität zu Berlin, Wirtschaftswissenschaftliche Fakultät, 2015. http://dx.doi.org/10.18452/17175.

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Der erste Artikel analysiert den Einfluss von CDS Handel auf Kreditsyndizierung. Theoretisch können CDS sowohl positive wie auch negative Effekte haben. Auf der einen Seite sind CDS flexiblere Risikomanagement-Instrumente als Kredit Verkäufe. Auf der andern Seite kann ein Kreditgeber nicht glaubhaft versichern einen Kreditnehmer zu überwachen, wenn Kreditrisiko anonym mit CDS abgelegt werden kann (moral hazard). Wir finden, dass Kreditgeber signifikant höhere Anteile an Krediten halten, wenn CDS auf das Fremdkapital des Kreditnehmers gehandelt werden. Wir finden keine Evidenz für moral hazard.
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5

Wild, William. "The economic basis of syndicated lending." Thesis, Queensland University of Technology, 2004. https://eprints.qut.edu.au/16114/1/William_Wild_Thesis.pdf.

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This work undertakes the first comprehensive theoretical assessment of syndicated loans. It is shown that syndicated and bilateral (single lender) loans should be good substitutes in meeting a borrower's financing requirements, but that syndicated loans are more complex and impose additional risks to the parties in the way they are arranged. The existing explantions of loan syndication - that they are hybrids of private bank loans and public debt instruments, that syndication is a portfolio management tool, and that loans are syndicated where they are too large to be provided bilaterally -
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6

Wild, William. "The economic basis of syndicated lending." Queensland University of Technology, 2004. http://eprints.qut.edu.au/16114/.

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This work undertakes the first comprehensive theoretical assessment of syndicated loans. It is shown that syndicated and bilateral (single lender) loans should be good substitutes in meeting a borrower's financing requirements, but that syndicated loans are more complex and impose additional risks to the parties in the way they are arranged. The existing explantions of loan syndication - that they are hybrids of private bank loans and public debt instruments, that syndication is a portfolio management tool, and that loans are syndicated where they are too large to be provided bilaterally -
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7

Karamanolis, Padazis Orestes. "The legal implications of sovereign lending through syndicated loan agreements." Thesis, University of Cambridge, 1988. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.304287.

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8

Schmidt, Daniel. "Corporate syndicated loan pricings in Germany : an exploration of the hidden drivers." Thesis, University of Gloucestershire, 2017. http://eprints.glos.ac.uk/4809/.

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Syndicated loans are a common debt financing format for large corporations in general. For those situated in Germany—with its bank-based financial system—such loans play a vital role. Given the multibillion volumes raised annually, the pricing of syndicated loans is economically significant, with its levels, structure, and determination having attracted the interest of researchers around the world. A critical review of the existing worldwide literature of syndicated loan pricing revealed notable gaps, including an almost complete absence of studies on the German corporate market. The overall r
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9

Maskara, Pankaj Kumar. "TWO ESSAYS ON BORROWING FROM BANKS AND LENDING SYNDICATES." UKnowledge, 2007. http://uknowledge.uky.edu/gradschool_diss/529.

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A loan deal is often composed of several components (for example, a 3-year revolving loan, a 10-year secured senior term loan, and a 5-year subordinated term loan). The division of a deal into two or more components, each with different risk characteristics, is called tranching. This study recognizes the importance of tranching and establishes tranching as an integral component of a syndicated loan structure. In the first essay, we present a model to explain the economic value of tranching and show that riskier firms are more likely to take loans with multiple tranches. Therefore, the average
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10

Steffen, Sascha. "The role of private information in financial contracting : evidence from the syndicated loan market /." [S.l. : s.n.], 2007. http://www.gbv.de/dms/zbw/558861342.pdf.

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11

Streitz, Daniel [Verfasser], Tim R. [Akademischer Betreuer] Adam, and Sascha [Akademischer Betreuer] Steffen. "Three essays on the syndicated loan market / Daniel Streitz. Gutachter: Tim R. Adam ; Sascha Steffen." Berlin : Humboldt Universität zu Berlin, Wirtschaftswissenschaftliche Fakultät, 2015. http://d-nb.info/1069156418/34.

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12

El-Mahdy, Dina. "INTERNAL CONTROL QUALITY AND INFORMATION ASYMMETRY IN THE SECONDARY LOAN MARKET." VCU Scholars Compass, 2011. http://scholarscompass.vcu.edu/etd/224.

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There are four primary objectives of this study. First, it examines the association between the disclosure of the Internal Control Deficiencies (ICDs), as a proxy for the internal control quality, and information asymmetry (IA) in the secondary loan market. Second, it identifies which types of ICDs exacerbate conditions of information asymmetry in the secondary loan market. Third, it investigates whether firms that remediate or take corrective actions to address ICDs lead to a reduction in information asymmetry in the market. Finally, it examines the effect of the loan specific characteristics
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13

McGregor, Heather Jane. "Networks as a source of competitive advantage in investment banking: a study of the syndicated loan market inAsia 1994-1997 from a social network perspective." Thesis, The University of Hong Kong (Pokfulam, Hong Kong), 2003. http://hub.hku.hk/bib/B30088276.

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14

Achsanta, Aldy Fariz. "Essays on related party transactions, ownership structure and bank lending." Thesis, Limoges, 2021. http://www.theses.fr/2021LIMO0016.

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La thèse a pour objectif d’examiner la nature des informations fournies sur les transactions liées dans le cadre des normes comptables internationales IAS 24. Dans le chapitre 1, nous étudions si les actionnaires des banques d’Etat anticipent qu’il existe un risque d’expropriation, risque qu’ils sont prêts à accepter si un soutien de l’Etat est apporté en cas de difficultés financières. Nous travaillons pour cela sur des données de banques et de firmes emprunteuses indonésiennes dans la mesure où il y a une forte présence des banques d’Etat en Indonésie et que le risque d’expropriation est ins
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Pesneau, Adrien. "L'agent des sûretés dans les financements appréhendé par les droits anglais et français : approche comparée." Thesis, Tours, 2017. http://www.theses.fr/2017TOUR1014.

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Le crédit est indispensable au bon fonctionnement de l’économie. Il existe sous différentes formes (financement participatif, émission obligataire, etc.). L’une des plus répandues reste le crédit bancaire, et lorsque ce crédit est dispensé par au moins deux établissements financiers, il s’agit d’un « crédit syndiqué » qui répond à une certaine organisation collective. C’est dans ce contexte qu’un « agent du crédit » assure l’administration du crédit. En fonction du droit applicable, il peut être un « agent » (droit anglais) ou encore un « mandataire » (droit français). De surcroît, ces finance
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16

McCarthy, R. J. "Essays on syndicated loans." Thesis, University of Essex, 2007. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.442534.

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17

Cuny, Antoine Romain. "L'opération de crédit « Schuldscheindarlehen » : qualification juridique d'un instrument de financement allemand." Thesis, Paris 10, 2012. http://www.theses.fr/2012PA100190.

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L'opération de crédit "Schuldscheindarlehen" est apparue dans le paysage bancaire et financier allemand au milieu du XIXème siècle. Son essor, au cours des dernières décennies, rend plus que jamais pertinente la question de sa qualification juridique en droit français. L'opération se présentant comme un prêt de nature syndiquée, aux participations cessibles selon des voies simplifiées, est généralement perçue par les financiers comme un outil efficace de financement de l'économie, véritable troisième voie capable de concurrencer la syndication de crédit et l'emprunt obligataire. L'étude des ac
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18

Delanghe, Marieke. "Réactions des marchés financiers aux annonces de fusions et acquisitions : trois essais empiriques." Thesis, Lille 2, 2013. http://www.theses.fr/2013LIL20007.

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Dans les deux premiers articles de cette thèse, nous explorons les réactions des marchés financiers aux annonces de fusions et acquisitions dans deux contextes différents. Nous nous intéressons en premier lieu, à la régulation des marchés de fusions et acquisitions par la Commission Européenne. Nous nous attachons à déterminer si la Commission Européenne présente toujours des comportements protectionnistes depuis la mise en place de la nouvelle régulation en 2004. Nos résultats suggèrent effectivement que la Commission Européenne agissait de façon protectionniste avant 2004 mais que ce phénomè
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19

Gadanecz, Blaise. "The pricing and structure of syndicated loans : three empirical studies." Thesis, Bangor University, 2003. https://research.bangor.ac.uk/portal/en/theses/the-pricing-and-structure-of-syndicated-loans--three-empirical-studies(aea394c5-a693-4182-867c-aa796cfa8453).html.

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This thesis explores the micro-structure of the market for syndicated loans from the demand and supply side and aims to provide a detailed micro-economic analysis. The focus is on the determinants of loan pricing to both developing and industrialised countries. Particular attention is paid to the characteristics of both lenders and borrowers. The thesis comprises four papers. Paper 1 defines key concepts and provides a historical outlook on the international market for syndicated loans since the late 1970s. Paper 2 analyses in an extensive risk-return framework the determinants of the pricing
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20

Shah, Syed Muhammad Noaman. "Analyzing spillover effects between sovereign, financial and real sectors during the euro zone crisis." Thesis, Orléans, 2016. http://www.theses.fr/2016ORLE0501/document.

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Alors que le début de la crise de l'euro a relancé le débat sur l’interdépendance du risque decrédit et la relation dette bancaire-dette souveraine, l’importance du secteur réel est négligéedans l’élaboration des mesures de relance de la croissance économique dans la zone euro. Cettethèse se concentre sur ces questions au sein de la zone euro. D’abord, nous évaluons les effets«spillover» de la crise souveraine sur le coût de crédit des entreprises non financières enprésence des mesures d’austérité (Chapitre-I). Nos résultats indiquent un effet significatif de ladette publique sur le coût des p
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21

Keturkaitė, Gitana. "Sindikuotos paskolos: teorinės ir praktinės problemos." Master's thesis, Lithuanian Academic Libraries Network (LABT), 2014. http://vddb.library.lt/obj/LT-eLABa-0001:E.02~2010~D_20140626_202010-37831.

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Šiuo metu, kai rinkos atsigauna po daugybę neigiamų pasekmių sukėlusios finansų krizės bei ilgai trukusios recesijos, atsigavimo procesą be jokios abejonės spartina didelių investicinių ir kitų projektų, kuriems reikalingos sindikuotos paskolos, įgyvendinimas, taigi sindikuotos paskolos yra svarbus veiksnys skatinantis ekonomikos raidą tiek pasauliniu tiek teritoriniu mastu. Po finansų krizę įtakojusio ir rinkas sudrebinusio vieno iš didžiausių JAV bankų „Lehman Brothers“ bankroto susvyravo pasitikėjimas bankais, o kartu ir pačių bankų pasitikėjimas vienas kitu. Bankai tapo daug atsargesni tar
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22

Dörig, David. "Do past alliances influence current syndicated loans? An analytical research on Hong Kong and Singapore /." St. Gallen, 2007. http://www.biblio.unisg.ch/org/biblio/edoc.nsf/wwwDisplayIdentifier/02603926002/$FILE/02603926002.pdf.

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23

Shah, Syed Muhammad Noaman. "Analyzing spillover effects between sovereign, financial and real sectors during the euro zone crisis." Electronic Thesis or Diss., Orléans, 2016. http://www.theses.fr/2016ORLE0501.

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Alors que le début de la crise de l'euro a relancé le débat sur l’interdépendance du risque decrédit et la relation dette bancaire-dette souveraine, l’importance du secteur réel est négligéedans l’élaboration des mesures de relance de la croissance économique dans la zone euro. Cettethèse se concentre sur ces questions au sein de la zone euro. D’abord, nous évaluons les effets«spillover» de la crise souveraine sur le coût de crédit des entreprises non financières enprésence des mesures d’austérité (Chapitre-I). Nos résultats indiquent un effet significatif de ladette publique sur le coût des p
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24

au, K. Le@murdoch edu, and Kim-Song Le. "Syndicated Loans in the United States (1995-2000): Announcement Effects, Long-Term Performance and Capital Structure Issues from a Borrower Perspective." Murdoch University, 2007. http://wwwlib.murdoch.edu.au/adt/browse/view/adt-MU20080414.120320.

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This thesis examines the impact of announcements of syndicated loans on the share prices of borrowing firms. I use a sample of 5,465 loan observations reported in the International Financing Review Platinum database to study this impact. Event study methodology is used. My overall results show significantly positive wealth effects on the borrowing firms. However, when I partition my data set into revolving credit agreements, term loans and hybrid loans, I find that the results are driven primarily by revolving credit agreements. I also observe that the size of the event window plays an impor
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25

Le, Kim-Song. "Syndicated loans in the United States (1995-2000): announcement effects, long-term performance and capital structure issues from a borrower perspective." Thesis, Le, Kim-Song (2007) Syndicated loans in the United States (1995-2000): announcement effects, long-term performance and capital structure issues from a borrower perspective. PhD thesis, Murdoch University, 2007. https://researchrepository.murdoch.edu.au/id/eprint/148/.

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This thesis examines the impact of announcements of syndicated loans on the share prices of borrowing firms. I use a sample of 5,465 loan observations reported in the International Financing Review Platinum database to study this impact. Event study methodology is used. My overall results show significantly positive wealth effects on the borrowing firms. However, when I partition my data set into revolving credit agreements, term loans and hybrid loans, I find that the results are driven primarily by revolving credit agreements. I also observe that the size of the event window plays an impor
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26

Le, Kim-Song. "Syndicated loans in the United States (1995-2000): announcement effects, long-term performance and capital structure issues from a borrower perspective." Le, Kim-Song (2007) Syndicated loans in the United States (1995-2000): announcement effects, long-term performance and capital structure issues from a borrower perspective. PhD thesis, Murdoch University, 2007. http://researchrepository.murdoch.edu.au/148/.

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This thesis examines the impact of announcements of syndicated loans on the share prices of borrowing firms. I use a sample of 5,465 loan observations reported in the International Financing Review Platinum database to study this impact. Event study methodology is used. My overall results show significantly positive wealth effects on the borrowing firms. However, when I partition my data set into revolving credit agreements, term loans and hybrid loans, I find that the results are driven primarily by revolving credit agreements. I also observe that the size of the event window plays an impor
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27

Schaz, Philipp. "The Real Effects of Banking Crises." Doctoral thesis, Humboldt-Universität zu Berlin, 2019. http://dx.doi.org/10.18452/20389.

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Diese Dissertation untersucht die Auswirkungen von Bankenkrisen auf die Realwirtschaft in drei unabhängigen Kapiteln. Kapitel 1 klassifiziert die geografische Diversifikation einer Großzahl von Banken, anhand deren international syndizierten Kreditportfolios. Ergebnisse zeigen ein höheres Kreditangebot durch diversifizierte Banken während Bankenkrisen die sich in Kreditnehmerländern ereignen. Dieses relativ stabilere Kreditangebot führt zu höherem Investitions- und Beschäftigungswachstum von Unternehmen. Eine weiterführende Unterteilung von Banken anhand derer Nationalität zeigt eine Rangfolge
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28

Prilmeier, Robert. "Two Essays on Lending and Monitoring." The Ohio State University, 2013. http://rave.ohiolink.edu/etdc/view?acc_num=osu1366124597.

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29

Kang, Di. "TWO ESSAYS ON NONBANK FINANCIAL INSTITUTIONS." UKnowledge, 2014. http://uknowledge.uky.edu/finance_etds/3.

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Evidence shows that nonbanks, which are now significant participants in the corporate loan market, exploit information gained from lending to trade in public securities. In the first essay, I examine whether these institutions use loan-based information to facilitate merger and acquisition (M&A) deals. I find that firms are more likely to become targets if they borrow from nonbanks rather than banks. Borrowing from a larger number of nonbanks or from those with a sizeable client network also enhances a firm’s acquisition prospects. When nonbanks gain more information about borrowers through lo
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Klimša, Petr. "Syndikované úvěry a jejich vývoj v letech 2007 - 2011." Master's thesis, Vysoká škola ekonomická v Praze, 2012. http://www.nusl.cz/ntk/nusl-116259.

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This diploma thesis focuses on syndicated loans. It analyzes mostly the development of syndicated loans during last years from different points of view. Special attention is given to the syndicated loan market in Europe and USA. At the beginning of this paper, it is proved, that syndicated loans are important source of corporate financing. Most important characteristics of syndicated loans are mentioned after that. The chapter three deals with pricing of syndicated loans in the theoretical way. Next chapter concerns with trading of syndicated loans in secundary market in the USA. After that, s
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31

Мороз, Н. М. "Роль міжнародних організацій у розвитку синдикативного кредитування". Thesis, Сумський державний університет, 2016. http://essuir.sumdu.edu.ua/handle/123456789/48725.

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Синдикативне кредитування зародилося у 60-х роках минулого століття і в останньому десятиріччі набуло значного розвитку. Так, якщо у 90-х роках обсяг світового ринку синдикативного кредитування складав близько 1,0 трлн. дол. США, у 2004 році – 2,6 трлн. дол. США, то вже у 2014 році на ринку відбулось 10479 угод, завдяки яким було залучено близько 4,7 трлн. дол. США.
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Kráľová, Michaela. "Možnosti využitia projektového financovania v Českej republike." Master's thesis, Vysoká škola ekonomická v Praze, 2008. http://www.nusl.cz/ntk/nusl-10598.

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The objective of the thesis is to analyze numerous project financing possibilities in the Czech Republic. The thesis introduces the framework of project finance, together with its definition and fundamental characteristics. Furthermore it aims to identify the issues of risk analysis and risk management. The final section of the thesis provides an overview of the current global project finance trends and identifies the situation in the Czech Republic. Additionally, the thesis includes a case study of the first Czech energy finance project - ECKG Kladno.
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Burg, Valentin. "Three essays on managerial behavioral biases." Doctoral thesis, Humboldt-Universität zu Berlin, Wirtschaftswissenschaftliche Fakultät, 2015. http://dx.doi.org/10.18452/17235.

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Die vorliegende Arbeit untersucht in welchem Ausmaß Manager Optimismus finanzielle Entscheidungen von Unternehmen beeinflusst. Der erste Teil der Dissertation analysiert den Einfluss von Optimismus auf die Ausgabe von Fremdkapital. Optimistische Manager überschätzen die zukünftigen Erfolgsaussichten ihrer Firma. Daher könnten sie Verträge bevorzugen, die die Kuponzahlungen an die zukünftige Entwicklung des Kreditrisikos koppeln (sogenannte PSD Verträge). Diese Hypothese wird empirisch bestätigt. Ein weiteres Ergebnis der empirischen Analysen ist, dass in Firmen mit optimistischen Managern die
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Zhang, Junyao. "Comment l'exposition au risque affecte la vleur ? : Les fusions transfrontalières et les effets du plan Paulson." Thesis, Lille 2, 2015. http://www.theses.fr/2015LIL20023/document.

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La gestion du risque est un sujet primordial au niveau d’une entreprise et au niveau de l’Etat. Cette thèse investigue ce thème au travers de trois essais empiriques. Le premier essai s’intéresse à la gestion du risque de change par les entreprises. Les résultats montrent que les Fusions &amp; Acquisitions transfrontalières offrent une couverture opérationnelle contre le risque de change. De plus, cette technique de couverture crée de la valeur pour les actionnaires. La baisse de l’exposition au risque de change (en valeur absolue) est positivement associée avec les rentabilités anormales cumu
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Liou, Xiao-Han, and 劉筱涵. "The study of loan concentration effects on syndicated loan and non-syndicated loan market after financial crisis." Thesis, 2010. http://ndltd.ncl.edu.tw/handle/54956490411597634435.

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碩士<br>中國文化大學<br>國際貿易學系碩士班<br>98<br>After the near collapse of the global financial system, recession and credit de-terioration have increase banks’ liquidity and default risk. However, banks can adjust its loan concentration to decrease liquidity and default risk. This study analyzed the differences of loan concentration on syndicated loan and non-syndicated loan market during financial crisis period. The sample period is between 2006 and 2009. By using Tobit regression model for empirical analysis, this study investigates the loan con-centration effects and the relation between loan concentra
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"Bad loan externalities: Evidence from the syndicated loan market." Tulane University, 2015.

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archives@tulane.edu<br>This dissertation studies the downside of lending relationship. In particular, it examines external impacts of distressed bank loans on the lending banks and other borrowing firms. The banks, on average, lose almost 1 % of their total market value, and the effect spills over to other loan syndicate members. The distress news also impacts the banks' related borrowers, who experience seven-day mean cumulative abnormal returns of -0.31 % for each distress announcement. Distress externalities are worse when the bank is more exposed to the bad loan, and for borrowers that are
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Yang, Ya Ching, and 楊雅靖. "Information asymmetry and syndicated loan pricing." Thesis, 2010. http://ndltd.ncl.edu.tw/handle/98500438064867185500.

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碩士<br>國立政治大學<br>財務管理研究所<br>98<br>This paper explores how information asymmetry between lead arrangers and participant lenders affects syndicated loan pricing. The model shows that the optimal loan spread is higher in regimes with informative signal and lower creditor rights protection. Using global syndicated loan data from 1982 to 2009, I show that the empirical results are consistent with the predictions of the model.
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Lee, Kai-Chieh, and 李凱潔. "The relationship between syndicated loans purpose and loan contract terms." Thesis, 2012. http://ndltd.ncl.edu.tw/handle/15856313969402508160.

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碩士<br>世新大學<br>財務金融學研究所(含碩專班)<br>100<br>The syndicated loans is very important long-term sources of funds for Taiwanese companies(even government), especially the large loans. It is not a single bank can offer and undertake the risks.Due to the overseas fund-raising tool, such as the rapid development of overseas depositary receipts - such as ADR, TDR, etc., overseas corporate bonds, coupled with domestic stock and bond markets to flourish, making the enterprise financing pipeline from indirect finance to direct finance trends. The main purpose of this paper is to investigate the company de
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39

Blatchford, Joshua. "The effect of trust on syndicated loan contracts." Thesis, 2022. http://hdl.handle.net/1959.13/1445263.

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Research Doctorate - Doctor of Philosophy (PhD)<br>This thesis presents three empirical studies on the effect of trust on various terms of syndicated loan contracts. The three studies combined provide a comprehensive assessment of the role of trust, accumulated through CSR performance, in determining loan spreads, loan size, covenant restrictions, and the structure and composition of the lending syndicate. The three empirical studies address the following research questions respectively; How does a borrower’s trust affect the price terms of loan contracts?; How does a borrower’s trust affect t
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"Pricing decisions of syndicated loans for Hong Kong corporations." 1998. http://library.cuhk.edu.hk/record=b5889385.

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by Chow Ho Wai.<br>Thesis (M.B.A.)--Chinese University of Hong Kong, 1998.<br>Includes bibliographical references (leaves 50-51).<br>ABSTRACT --- p.ii<br>TABLE OF CONTENTS --- p.iii<br>LIST OF EXHIBITS --- p.v<br>LIST OF TABLES --- p.vi<br>PREFACE --- p.vii<br>CHAPTERS<br>Chapter I. --- INTRODUCTION --- p.1<br>Definition of Syndicated Loans --- p.1<br>Definition of Pricing --- p.2<br>Project Objectives --- p.2<br>Project Scope --- p.3<br>Chapter II. --- KEY ELEMENTS OF SYNDICATED LOAN MARKET --- p.4<br>Benefits to Borrowers --- p.4<br>Benefits to Lenders --- p.6<br>Types of Syndic
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魏品揚. "Why Disclosure Levels Varied among Syndicated Loan Contracts?" Thesis, 2016. http://ndltd.ncl.edu.tw/handle/61828496766147467436.

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博士<br>國立政治大學<br>財務管理研究所<br>104<br>This study investigates issues regarding bank loan disclosures by using syndicated data from 1986 to 2015. Our preliminary results show that most of syndicated loan contracts do not disclose bank allocation (loan shares among banks), and disclosure levels varied among loan purposes, loan type and countries. This implies that loan disclosures have strategic concerns. By constructing new indices of bank loan disclosures, we also investigate why some firms voluntarily disclosure more information about their loan condition. Results show that firms’ risk of loan pu
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蔡欣貝. "An Empirical Study on Syndicated Loan in Taiwan." Thesis, 2005. http://ndltd.ncl.edu.tw/handle/61135313911241427046.

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碩士<br>南台科技大學<br>會計資訊系<br>92<br>This thesis demonstrates some empirical evidence on syndicated loan announcement and the determinants of the proportion of the loan sold to participant banks in the event of syndication. We utilize a market model of event study to analyze the data on 130 individual syndicated loan transactions from 1994 to 2003 made by banks to the listed companies in Taiwan. In addition, a multiple regression model was built to analyze the determinants of the abnormal returns and the proportion of the loan sold to participant banks in the event of syndication. We find
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Jhang, Yi-Hao, and 張翊毫. "Disclosure quality and loan contracting: Evidence from East Asian syndicated loan markets." Thesis, 2019. http://ndltd.ncl.edu.tw/handle/395fkg.

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碩士<br>國立政治大學<br>會計學系<br>107<br>In this paper, I examine whether and how a firm’s disclosure quality of financial statements is associated with the terms of loan contracts. Following the parsimonious disclosure quality measure (DQ) constructed by Chen, Miao, and Shevlin (2015) which captures the disaggregation level of accounting line items, I find that banks provide higher spreads and more stringent non-price terms to firms with lower DQ. Moreover, I examine the effect of DQ on legal traditions of common law and civil law, I find that firms providing less disaggregated financial statements rec
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林乃馨. "The Effect of Fair Value on Syndicated Loan Features." Thesis, 2016. http://ndltd.ncl.edu.tw/handle/98976897402323995175.

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Liu, Chung-Tung, and 劉炯桐. "The Impact of Syndicated Loan Announcement on Stock Price." Thesis, 2007. http://ndltd.ncl.edu.tw/handle/78256034363934005705.

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碩士<br>國立高雄第一科技大學<br>金融營運所<br>95<br>The purpose of this thesis is to analyze the impact of the announcement of syndicated loan on stockholders’ wealth using the event study. Our sample includes 116 announcement events listed on Taiwan Stock Exchange during 1999-2006. The data come from the major message and information of the Taiwan Stock Exchange. The empirical results show that there is no significant difference on the affection of stock price after announcing the syndicated loan information. News might be presented by the mass media and parties before companies borrowing money carry on imp
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Hong, Siang-ru, and 洪湘茹. "A study on Bank Relationships in Syndicated Loan Market." Thesis, 2012. http://ndltd.ncl.edu.tw/handle/07686934153771783385.

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碩士<br>朝陽科技大學<br>財務金融系碩士班<br>100<br>Following the syndicated loan market increasingly grow, she has turn out to be the one of large international capital market and significant importance in the firm financing. This paper mainly explores the relationship between lead banks and participation banks in the syndicated loan facility, especially, whether the past association impacts the future relation. The major empirical results show that participation banks tend to invest the syndicated loans lead by a bank possesses established past association.
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Wu, Che-Ming, and 吳哲銘. "Textual analysis in 10-K: evidence from syndicated loan." Thesis, 2018. http://ndltd.ncl.edu.tw/handle/4h7t55.

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碩士<br>國立政治大學<br>會計學系<br>106<br>In the past decade, there has been a tremendous wave of interest in the field of textual analysis. However, researchers have concentrated on the relationship between textual sentiment expression and the equity market. There has thus far been relatively little research into the debt market. It is my purpose in this study to investigate whether corporation-expressed textual sentiment affects the features of the syndicated loan. Using a sample of U.S. borrowers in the syndicated loan market, the results show that negative textual sentiment expressed in 10-K filings
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李孟芳. "The Effects of Market Technical on Loan Spread : Evidence From Global Syndicated Loans." Thesis, 2010. http://ndltd.ncl.edu.tw/handle/97698617658012618064.

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碩士<br>國立政治大學<br>財務管理研究所<br>98<br>Using a sample of more than 23,000 syndicated tranches to borrowers from 63 countries for the 1982-2009 period, we test the influence of the supply and demand side effects on loan spread. Our results show that supply side effect leads to a significant lower spread, but in some countries with higher appetite of institutional investors, such as U.S. and Spain, these results do not hold. We find that the negative effect above mentioned on spread will be significant for firms whose original loan spread is much higher; i.e., firms with serious financial constraint
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Yang, Chung-Lin, and 楊中霖. "The Study on Sub-Participation of the International Syndicated Loan." Thesis, 2007. http://ndltd.ncl.edu.tw/handle/u897xr.

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碩士<br>銘傳大學<br>財務金融學系碩士在職專班<br>95<br>Following the liberalization and internationalization of the global economic and financial environment, corporate investment not only crosses borders but also demands greater amounts of funds. In addition to its own assets and raising funds in the capital market to supply part of its working capital, a corporation’s demand for funds primarily relies on bank loans. However, the credit risk arising from the enormous capital demand can not be undertaken merely by one single bank. Hence, international syndicated loans made by jointly-funding banks from different
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Lee, Meng-ling, and 李孟凌. "Risk financing of catastrophe—the valuation of standby syndicated loan." Thesis, 2007. http://ndltd.ncl.edu.tw/handle/34881915171157726201.

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碩士<br>逢甲大學<br>保險所<br>95<br>The frequency and severity of catastrophic losses continue to show an upward tendency, and the traditional reinsurance market does not have the sufficient capacity for catastrophic risks. The situation encourages the insurance industry to seek the instruments of alternative risk transfer, which can transfer catastrophic risks to the huge capital market. This study combined syndicated loan with catastrophic risk to form the standby syndicated loan, in which a party with a risk exposure pays the premium to financial institution, thus receiving the promise of syndicated
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