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Journal articles on the topic 'Syndicated Loan'

Author: Grafiati

Published: 4 June 2021

Last updated: 25 July 2025

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1

El Mahdy, Dina. "Do Syndicated Loan Borrowers Trade-Off Real Activities Manipulation with Accrual-Based Earnings Management?" Journal of Risk and Financial Management 18, no. 6 (2025): 327. https://doi.org/10.3390/jrfm18060327.

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This study investigates how managers choose between alternative earnings management mechanisms among syndicated loan borrowers. Specifically, it examines the trade-off between accrual-based earnings management (AEM) and real activities manipulation (RAM) during the period leading up to syndicated loan origination. The study also explores whether lender monitoring mechanisms influence subsequent earnings management behavior. The syndicated loan market, positioned between the private and public fixed income markets, offers a distinctive context for analyzing these strategic decisions. Using a pr

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2

Fang, Xiaohua, Yutao Li, Baohua Xin, and Wenjun Zhang. "Financial Statement Comparability and Debt Contracting: Evidence from the Syndicated Loan Market." Accounting Horizons 30, no. 2 (2016): 277–303. http://dx.doi.org/10.2308/acch-51437.

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SYNOPSIS In this study, we examine whether and how borrowing firms' financial statement comparability affects the contracting features of syndicated loans. Using a sample of loans issued by U.S. public firms in the syndicated loan market over the period 1992–2008, we find strong and robust evidence that financial statement comparability is negatively associated with loan spread and the likelihood of pledging collateral, and positively associated with loan maturity and the likelihood of including performance pricing provisions in loan contracts. We also find that borrowing firms with greater fi

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3

Hasan, Iftekhar, Liang Song, Meisong Zhan, Peng Zhang, and Zhaoguo Zhang. "Corporate disclosure and financing arrangements." Asian Review of Accounting 23, no. 2 (2015): 139–55. http://dx.doi.org/10.1108/ara-01-2014-0020.

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Purpose – The purpose of this paper is to explore how firms’ disclosure standards influence the syndicated loan market, with an emphasis on loan syndicate structure and composition. Design/methodology/approach – To empirically investigate the effects of corporate disclosure on bank loan syndicate structure and composition, the authors hand-match Dealscan, Worldscope, and other databases and construct a sample across 11 emerging markets. Findings – The authors found that lead banks retain less ownership and form a less-concentrated loan syndicate when borrowers have superior disclosure policies

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Tarasov, A. A. "Arranging the Process of Raising Syndicated Loans." Finance: Theory and Practice 22, no. 6 (2018): 121–31. http://dx.doi.org/10.26794/2587-5671-2018-22-6-121-131.

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The article presents the main aspects of organisation, formation and management of a syndicate of banks in the syndicated lending market. A syndicated loan is provided to a borrower by two or more creditor banks on equal terms within one loan documentation package. This market has the following main characteristics: significant amounts of financing; transactions are organised and syndicated by the largest investment and commercial banks; standard legal documentation; centralisation of agency function. The syndication process is a key factor in a successful transaction in the syndicated lending

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5

Kim, Jeong-Bon, and Byron Y. Song. "Auditor Quality and Loan Syndicate Structure." AUDITING: A Journal of Practice & Theory 30, no. 4 (2011): 71–99. http://dx.doi.org/10.2308/ajpt-10144.

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SUMMARY This study investigates whether and how the quality of external auditors hired by borrowers has an impact on loan syndicate structure. Our empirical analyses, using a sample of U.S. syndicated loans from 1996 to 2009, show the following findings: First, a larger number of banks participate in syndicated loans to borrowing firms with Big 4 (or previously Big 5 or Big 6) auditors than to those with non-Big 4 auditors. Second, the percentage of a syndicated loan retained by the lead bank(s) is smaller when the borrower is a client of a Big 4 auditor than when the borrower is a client of a

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Tarasov, A. A. "Portfolio Management in International Syndicated Lending." Review of Business and Economics Studies 12, no. 4 (2025): 91–105. https://doi.org/10.26794/2308-944x-2024-12-4-91-105.

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This article is aimed at presenting a wholesome approach to the management of a syndicated loan portfolio.Methods utilized include the following: (i) portfolio analysis — calculating the parameters of a syndicated loan portfolio (main, liquidity, diversification, and commercial parameters); (ii) measuring completion of the Key Performance Indicators (KPIs) — comparing the actual values of the parameters of the syndicated loan portfolio to the target values of the KPIs and making the required managerial decisions; (iii) portfolio management — using the various syndicated loan market techniques

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Mugarura, Norman. "The Law relating to syndicated loan agreements and its application in commercial practice." Journal of Financial Regulation and Compliance 24, no. 2 (2016): 177–96. http://dx.doi.org/10.1108/jfrc-09-2015-0051.

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Purpose The purpose of this paper is to articulate the law relating to syndicated loan agreements and what legal experts and parties need to safeguard against inherent pitfalls in its usage and practice. The research design of this paper has two strands: an examination of generic issues relating syndicated loan agreements and the process; and the mechanisms for transferring proprietary rights and interests should parties want to do so. Design/methodology/approach The paper was written on the basis of evaluating primary and secondary data sources to gain insights into commercial experiences of

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8

Jessca, Jessca. "Legal Protections for Lead Banks in Syndicated Loan Agreements: Addressing Borrower Defaults in Batam City." Justice Voice 3, no. 1 (2025): 1–18. https://doi.org/10.37893/jv.v3i1.1011.

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A syndicated loan is a form of credit extended by more than one Bank Perkreditan Rakyat (BPR) to finance the needs of a single debtor. In Batam City, syndicated loans have become a common practice among BPRs to accommodate debtors requiring large-scale financing. The primary objective of syndicated loans is to ensure compliance with the regulations set by Bank Indonesia and the Otoritas Jasa Keuangan (OJK). In the implementation of syndicated loans, one bank assumes the role of the lead bank, which is the principal bank responsible for managing the syndicated loan. The lead bank’s duties inclu

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9

Chub, D. V. "A Blockchain in Concluding and Administering a Syndicated Loan Agreement." Actual Problems of Russian Law 16, no. 11 (2021): 55–64. http://dx.doi.org/10.17803/1994-1471.2021.132.11.055-064.

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A traditional banking market has undergone significant changes caused by rapid development of digital technologies, which has been largely facilitated by the coronavirus pandemic. At the same time, it seems that a blockchain technology has gained great importance in the issuance of syndicated loans. This circumstance is explained by the fact that a syndicated loan agreement, similar to the blockchain technology, traditionally brings together a large number of participants, including, in particular, borrowers, lenders, a loan manager, a mortgage manager. The paper substantiates the advantage of

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10

Vygovskyy, O. "LEGAL STATUS OF PARTICIPANTS OF INTERNATIONAL SYNDICATED LOAN TRANSACTIONS." ACTUAL PROBLEMS OF INTERNATIONAL RELATIONS 2, no. 127 (2016): 65–72. http://dx.doi.org/10.17721/apmv.2016.127.2.65-72.

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The article reveals legal issues related to the status of participants of international syndicated loan transactions – the arranging bank (lead manager), the agent bank, the banks participating in the international syndicate, the borrower. In particular, the author of the article makes comparison of the legal status of the arranging bank and the agent bank taking into consideration their functions and powers, specifics of relations with other banks and the borrower. Special attention is paid to the liability of the lead manager for the contents of the information memorandum sent to the potenti

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11

Tarasov, A. A. "Comparative analysis of international syndicated loans." Vestnik Universiteta, no. 5 (June 26, 2025): 200–208. https://doi.org/10.26425/1816-4277-2025-5-200-208.

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The article proposes three approaches to the comparative analysis of international syndicated loans. The first approach includes comparison of transactions on the primary and secondary syndicated loan markets. This analysis is based on the following aspects: parties to the deal; parameters of the syndicated loans; specialised legal documentation; timelines of the deals. The second approach proposes the comparison of deals for corporate borrowers and financial institutions. In the syndicated loan market corporate there is a wide array of transaction formats (classic syndicated loans, underwritt

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Lim, Jongha, Bernadette A. Minton, and Michael S. Weisbach. "Syndicated loan spreads and the composition of the syndicate." Journal of Financial Economics 111, no. 1 (2014): 45–69. http://dx.doi.org/10.1016/j.jfineco.2013.08.001.

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Davaadorj, Zagdbazar, and Jorge Brusa. "Informationally advantaged lenders and the credit derivative market: Evidence from Loan only Credit Default Swap (LCDX)." Applied Finance Letters 13 (March 27, 2024): 63–76. http://dx.doi.org/10.24135/afl.v13i.738.

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This paper explores the informational role of the Loan Only Credit Default Index (LCDX) on the pricing of syndicated loans. Despite an extensive body of research on credit indices and loan pricing, limited studies have comprehensively assessed the complex relationship between the LCDX and individual loan spreads. Contrary to indices like the CDX, which are largely linked to corporate bonds, the LCDX directly pertains to the syndicated secured loan market, offering valuable insights about the overall credit default market and the cost of credit risk insurance. Preliminary results reveal a prono

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Amira, Khaled, and Mark L. Muzere. "Collateral and Yield Spread of Syndicated Loans." Accounting and Finance Research 7, no. 3 (2018): 180. http://dx.doi.org/10.5430/afr.v7n3p180.

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We examine factors that influence the use of collateral in syndicated loans and explore debt contract theories under adverse selection and moral hazard. Using a probit model (Agresti, 2007) to analyse syndicated loan data (1987-2007) for firms in the United States, we find that loan and borrower specific factors and general economic conditions as well are significant in explaining the presence of collateral in these loans. Further testing exploring the relationship between collateral and yield spread of syndicated loans while using an econometric procedure (Heckman, 1976; Lee, 1978) to control

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15

Priady, Nicko. "Perlindungan Hukum Terhadap Para Pihak Dalam Perjanjian Kredit Sindikasi." Recital Review 3, no. 2 (2021): 216–31. http://dx.doi.org/10.22437/rr.v3i2.12933.

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This study aims to identify and criticize the arrangements, procedures and positions of all parties involved in syndicated financing. The formulation of the problem that will be discussed in this article is about the legal relationship between the parties in a syndicated loan to resolve bad loans when they default, and the legal protection of the parties in a syndicated loan agreement. The type of research is normative law, which is a research method that emphasizes legislation, conceptual law, and case law, and describes theories related to research problems. The results show that the impleme

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Wiwik Yuni Hastuti, M. I., Tedi Sudrajat, Sri Hartini, et al. "HIERARCHY OF THE DISTRIBUTION OF BANKRUPTCY PROPERTY IN SYNDICATED LOAN FACILITY AGREEMENT FOR THE BANKRUPT DEBTOR." International Journal of Advanced Research 11, no. 01 (2023): 868–80. http://dx.doi.org/10.21474/ijar01/16091.

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The position of individual creditors over the collateral in syndicated loan is represented by security agent as the recipient of collateral and the holder of material collateral. It is the legal consequence of agency relation as regulated in Syndicated Loan Facility Agreement. Therefore, the security agent in this syndicated loan, for the sake of law, serves as preference creditor to other syndication participation. This research aims to answer the problems related to the implementation of pari passu pro rata parte principles in determining the hierarchy of creditor in syndicated loan facility

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Purgito, Jodi, and Bambang Tri Bawono. "The Role of a Notary in Making A Syndicated Loan Authentic Deed." Sultan Agung Notary Law Review 3, no. 4 (2021): 1353. http://dx.doi.org/10.30659/sanlar.3.4.1353-1363.

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The purpose of this research is to analyze & find out: 1). The role of the Notary in the implementation of the authentic deed of syndicated loan (syndicated loan) 2). Barriers & solutions in making authentic syndicated credit deeds. The approach method in this research is a sociological juridical approach. The data used are primary & secondary data obtained through interviews & literature study, data analysis was carried out by analytical descriptive. The results of the research concluded: 1). The role of the Notary in the implementation of the authentic deed of syndicated loan

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Bayram, Orkun. "UNRAVELING MARKET EFFICIENCY THROUGH BANK STOCK RETURNS INSIGHTS FROM SYNDICATED LOAN ANNOUNCEMENTS IN BORSA ISTANBUL." Nişantaşı Üniversitesi Sosyal Bilimler Dergisi 13, no. 1 (2025): 23–24. https://doi.org/10.52122/nisantasisbd.1662749.

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This study explores the effect of syndicated loan announcements on the stock returns of banks listed on Borsa Istanbul, utilizing the event study methodology over the 2017–2022 period. Eight publicly traded banks were analyzed to assess abnormal returns (AR), average abnormal returns (AAR), and cumulative abnormal returns (CAR) within an extensive event window. The findings reveal that syndicated loan announcements did not result in statistically significant abnormal returns, indicating a deviation from the semi-strong form of market efficiency in Borsa Istanbul. Unlike previous studies, this

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19

Tarasov, A. A. "Managerial decisions in syndicated lending." UPRAVLENIE / MANAGEMENT (Russia) 11, no. 3 (2023): 61–68. http://dx.doi.org/10.26425/2309-3633-2023-11-3-61-68.

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The syndicated lending market is one of the main financing sources for the development of the Russian economy. This article is dedicated to the processes managerial decision-making within the framework of syndicated lending transactions by borrowers, lenders and investors. Thanks to the use of market tools, borrowers get the opportunity to form an optimal structure for solving various tasks of corporate finance. Taking into account the adoption of managerial decisions by borrowers, the analysis of the following options for such decisions is presented: the choice of a bank for the role of a cre

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20

Estevan de Quesada, Carmen. "The Heterogeneous Composition of Syndicated Loan Consortiums." European Business Law Review 29, Issue 4 (2018): 527–47. http://dx.doi.org/10.54648/eulr2018020.

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The global syndicated loan market has been given new impetus after the slowdown during the worst years of the recent crisis. In recent times a new trend has become apparent with regard to the operators in this market, with institutional investors playing an ever more important role, as opposed to the banks that have traditionally dominated the market. This paper offers a brief introduction to the main features, contractual arrangements and players of syndicated loans, examines the structure and functions of syndicated loan consortiums in greater detail, and proposes their classification as a h

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Ntiamoah Doku, James, Raymond Dziwornu, Richard Agbanyo, and Joyce Owusuaa Awuletey. "Loan syndication and cocoa production: Evidence from Ghana." African Journal of Agricultural and Resource Economics 17, no. 2 (2022): 146–56. http://dx.doi.org/10.53936/afjare.2022.17(2).10.

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The syndication of loansis an innovative financing model that has emerged in the financial landscape to help lenders spread risk and share opportunities. This study examines the relationship between syndicated loans and cocoa production in Ghana, using annual time-series data spanning from 1993 to 2020, as well as the autoregressive distributed lag model (ARDL). The study found a positive and significant short-run and long-run relationship between syndicated loans and cocoa production. Specifically, a 1% increase in the amount of syndicated loans increases cocoa production by 0.25% in the long

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Chu, Yongqiang, Donghang Zhang, and Yijia (Eddie) Zhao. "Bank Capital and Lending: Evidence from Syndicated Loans." Journal of Financial and Quantitative Analysis 54, no. 2 (2018): 667–94. http://dx.doi.org/10.1017/s0022109018000698.

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Using within-loan estimations to remove the impact of demand-side factors, we find that the capital levels of banks participating in the same syndicated loan are positively associated with the banks’ contributions to the loan. Consistent with the argument that higher capital reduces the cost of uninsured debt, the positive effect of bank capital on lending is stronger among banks that rely more on wholesale funding. Furthermore, we find that banks increase their contributions to syndicated loans after receiving Troubled Asset Relief Program (TARP) funding. Taken together, we provide new eviden

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Susilowati Susilowati. "Jaminan Kredit Pada Perjanjian Kredit Sindikasi." JURNAL HUKUM, POLITIK DAN ILMU SOSIAL 1, no. 1 (2023): 316–35. http://dx.doi.org/10.55606/jhpis.v1i1.1757.

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Credit Guarantee in the Syndicated Bank Credit Agreement is the most important guarantee in the Syndicated Credit Agreement which is the main discussion in this Legal Writing. The method that the author uses in this legal research is normative juridical, where the documents used as guidelines in the preparation are primary legal documents and secondary legal documents. The Credit Guarantee in the Syndicated Credit Agreement that I will use is a credit guarantee with concession rights which includes toll road concession revenues, escrow accounts, and insurance claims. The Credit Guarantee is im

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Д.С., Белозерских, та Внукова В.А. "Структура сделок синдицированного кредитования". International Law Journal 7, № 6 (2024): 90–95. https://doi.org/10.58224/2658-5693-2024-7-6-90-95.

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статья посвящена анализу юридической структуры, которая лежит в основе сделок синдицированного кредитования. Прежде всего, стоит цель разобраться в том, что такое синдицированный кредит и в чем его отличие от традиционных кредитных продуктов. Это важный инструмент для крупных корпоративных клиентов, позволяющий распределить риски между несколькими кредиторами. В рамках нашего исследования мы подробно рассмотрим и конкретизируем те договоры, которые являются неотъемлемой частью и сопровождают реализацию таких сделок, чтобы выявить все преимущества и особенности, связанные с синдицированным кред

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Chin, Chen-Lung, Wei-Ren Yao, and Pei-Yi Liu. "Industry Audit Experts and Ownership Structure in the Syndicated Loan Market: At the Firm and Partner Levels." Accounting Horizons 28, no. 4 (2014): 749–68. http://dx.doi.org/10.2308/acch-50825.

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SYNOPSIS The PCAOB has recently issued two concept releases that seek feedback on a proposal that requires audit firms to disclose the name of the engagement partner in the audit report. This paper provides evidence about the efficacy of this proposal by examining whether industry audit experts at the partner level are valued by stakeholders—lenders in the syndicate loan market. Our paper is based on the unique data in Taiwan, where the audit report is issued in the name of two signing auditors, as well as the audit firm. Prior research suggests that lead arrangers prefer to hold a lower share

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Shelepov, Andrei. "The MDBs’ Role in Syndicated Loan Deals (Review of the IMF Working Paper “Borrowing Costs and the Role of Multilateral Development Banks: Evidence From Cross-Border Syndicated Bank Lending”)." International Organisations Research Journal 15, no. 1 (2020): 190–95. http://dx.doi.org/10.17323/1996-7845-2020-01-09.

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The review covers the 2018 IMF working paper “Borrowing Costs and The Role of Multilateral Development Banks: Evidence from Cross-Border Syndicated Bank Lending.” It is acknowledged that cross-border bank lending is becoming an increasingly important source of external financing for developing countries and therefore can play a key role in infrastructure development. The working paper examines the impact of participation by multilateral development banks (MDBs) in loan syndicates on the terms of loan deals, with a particular emphasis on loan pricing. The results of the study show that MDB part

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Ivasenko, Maksym, Serhiy Frolov, Mykhaylo Heyenko, Nataliia Kolodnenko, and Viktoriia Datsenko. "Operational cost savings: Blockchain-driven back-office automation and syndicated loan growth in U.S. banks." Banks and Bank Systems 20, no. 2 (2025): 189–205. https://doi.org/10.21511/bbs.20(2).2025.16.

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This article highlights the results of a study investigating whether the growth of syndicated loan activity among US commercial banks was driven by measurable operational cost savings through blockchain-powered back-office automation. Quarterly data from Q1 2010 to Q4 2024 on syndicated loan stocks, commercial and industrial loans, real GDP, bank assets, and non-interest expenses were obtained from the Federal Reserve System’s FRED database. A dummy variable was applied after 2016 to denote the implementation of the first production-level Distributed Ledger Technology (DLT) pilots. Using the A

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Howcroft, Barry. "Marketing a Eurocurrency Syndicated Loan." International Journal of Bank Marketing 3, no. 1 (1985): 43–53. http://dx.doi.org/10.1108/eb010749.

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Hale, Galina, Brigid Meisenbacher, and Fernanda Nechio. "Industrial Composition of Syndicated Loans and Banks’ Climate Commitments." Federal Reserve Bank of San Francisco, Working Paper Series 2024, no. 23 (2024): 01–37. http://dx.doi.org/10.24148/wp2024-23.

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In the past two decades, a number of banks joined global initiatives aimed to mitigate climate change by “greening” their asset portfolios. We study whether banks that made such commitments have a different emission exposure of their portfolios of syndicated loans than banks that did not. We rely on loan-level information with global coverage combined with country-industry information on emissions. We find that all banks have reduced their loan-emission exposures over the last 8 years. However, we do not find differences between banks that did and those that did not signal their sustainability

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Dr., Abolade Francis AKINTOLA, and Samuel Adebayo OLAOYE Dr. "Loan Syndication In Nigeria: Challenges And Prospects." International Journal of Management Sciences and Business Research 9, no. 2 (2020): 105–10. https://doi.org/10.5281/zenodo.3702234.

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<em>This paper examined loan syndication in Nigeria, focusing on challenges and prospects. The paper highlights parties to loan syndication and the contribution of a syndicated loan to the economic growth of Nigeria as well as the problems and challenges of a syndicated loan. The paper recommends setting up a loan syndication unit in the corporate finance department of banks with well-trained staff in Accounting and Marketing to strengthen the unit for efficient service to the borrowing public.</em>  

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Hilda, Yunita Sabrie, Amalia Tasya Ananda, Filippo Taufik Harven, Maharani Tanusaputri Anita, and Arif Utomo Yusuf. "Implementation of Syndicated Credit Agreements by Conventional Commercial Banks during the COVID-19 Pandemic." Economics and Business Quarterly Reviews 5, no. 3 (2022): 16–31. https://doi.org/10.31014/aior.1992.05.03.432.

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The global spread of COVID-19 in 2020 has led to a decrease in lending and an increase in bank credit risk due to a decline in debtor performance. As an effort to mitigate this impact, banking authorities in various countries have issued guidelines related to easing loan terms and conditions for debtors affected by COVID-19. The Indonesian government through the OJK has issued several national economic stimulus policies that provide concessions to debtors affected by COVID-19. This study will focus on discussing the concept of syndicated credit agreements in Indonesia and the syndicated loan r

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Addoum, Jawad M., and Justin R. Murfin. "Equity Price Discovery with Informed Private Debt." Review of Financial Studies 33, no. 8 (2019): 3766–803. http://dx.doi.org/10.1093/rfs/hhz128.

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Abstract Equity markets fail to account for the value-relevant nonpublic information enjoyed by syndicated loan participants and reflected in publicly posted loan prices. A long-short strategy that buys (sells) the equities of firms with recently appreciated (depreciated) loans earns large risk-adjusted returns, suggesting a surprising and economically important level of segmentation across the same firm’s capital structure. The information lag captured by trading strategy returns is not affected by drivers of firm-specific attention, including the publication of loan returns in the Wall Stree

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Wiyono, Pambudi, and Pujiono. "Legal Consequences of Creditor's Name Change in Syndicated Loan Agreement." International Journal of Social Sciences and Humanities Invention 6, no. 10 (2019): 5683–87. http://dx.doi.org/10.18535/ijsshi/v6i10.05.

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The present study discussed the legal consequence of the creditor's name change and the consideration used by the Supreme Court Judge no. 1300 K/Pdt/2013. The present study was categorized as doctrinal legal study using case study approach. The data were collected through library research. Syllogism was employed as the analysis technique of this legal writing. The change of creditor's name in a syndicated loan, as it happens to "PT. Bank Finconesia” that changes its name to “PT. Bank Agris" cause problems since the new name "PT. Bank Agris" is not mentioned in the loan agreement no. 8 dated 28

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Tarasov, A. A. "Financial covenants in syndicated lending transactions." UPRAVLENIE / MANAGEMENT (Russia) 12, no. 1 (2024): 49–57. http://dx.doi.org/10.26425/2309-3633-2024-12-1-49-57.

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The article analyzes the use of financial covenants in international syndicated lending transactions. From a borrower’s point of view, acceptable levels of financial covenants allow to realize the transaction with comfortable conditions for further fulfillment. For lenders, an acceptable level of financial covenants is important for obtaining internal credit approval for participation in the transaction and as a tool for monitoring the credit quality of a borrower when servicing a syndicated loan. The main financial covenants of syndicated loan transactions include restrictions on the followin

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Song, Liang, and Joel C. Tuoriniemi. "Accounting quality, governance standards, and syndicated loan contracts." Pacific Accounting Review 28, no. 1 (2016): 2–15. http://dx.doi.org/10.1108/par-10-2014-0035.

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Purpose – The purpose of this paper is to examine how firms’ accounting quality affects bank loan contracting in seven emerging markets and whether these relationships are affected by borrowers’ governance standards. Design/methodology/approach – The study sample period is 1999-2007 because the syndicated loan market was severely affected by the East Asian financial crisis of 1998 and the US financial crisis of 2008. The final sample includes 719 loan observations for 75 firms in seven emerging markets. Findings – The authors find that syndicated lenders provide loans with more favorable terms

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Drago, Danilo, and Concetta Carnevale. "Do CSR Ratings Affect Loan Spreads? Evidence from European Syndicated Loan Market." Sustainability 12, no. 18 (2020): 7639. http://dx.doi.org/10.3390/su12187639.

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We investigate whether corporate social responsibility (CSR) ratings affect the syndicated loan spreads paid by European listed firms. By performing ordinary least squares (OLS) pooled regressions on a sample of 1101 syndicated loans granted to European companies, we find evidence that borrowers’ CSR ratings have a significant impact on loan spreads. However, the relationship between CSR ratings and loan spreads is quite complex. Low CSR-rated firms pay higher loan spreads than better CSR-rated firms, but high CSR ratings are not always rewarded by lenders. The benefits of a high CSR rating le

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Altunbaş, Yener, Blaise Gadanecz, and Alper Kara. "The evolution of syndicated loan markets." Service Industries Journal 26, no. 6 (2006): 689–707. http://dx.doi.org/10.1080/02642060600851129.

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Gasbarro, Dominic, Kim-Song Le, Robert G. Schwebach, and J. Kenton Zumwalt. "Syndicated Loan Announcements and Borrower Value." Journal of Financial Research 27, no. 1 (2004): 133–41. http://dx.doi.org/10.1111/j.1475-6803.2004.00081.x.

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Haselmann, Rainer, and Paul Wachtel. "Foreign banks in syndicated loan markets." Journal of Banking & Finance 35, no. 10 (2011): 2679–89. http://dx.doi.org/10.1016/j.jbankfin.2011.02.023.

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Matveeva, Natalya A. "THE LEGAL NATURE OF SYNDICATED LOAN AGREE-MENTS AND ON THE ORGANIZATION OF A SYNDICATED LOAN." Banking law 3 (June 24, 2020): 21–27. http://dx.doi.org/10.18572/1812-3945-2020-3-21-27.

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Keil, Jan, and Karsten Müller. "Bank Branching Deregulation and the Syndicated Loan Market." Journal of Financial and Quantitative Analysis 55, no. 4 (2019): 1269–303. http://dx.doi.org/10.1017/s0022109019000607.

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How do changes in banking regulation affect the syndicated loan market? Because branch networks and loan syndication both enable banks to diversify geographical credit risk, we investigate the staggered implementation of the Riegle–Neal Interstate Branching and Banking Efficiency Act of 1994. Exploiting that the act only changed the legal framework for out-of-state commercial banks, we find that branching deregulation decreased syndicated loan issuance but spurred bilateral lending to corporations. Consistent with a supply-driven substitution effect, this shift is also reflected in interest ra

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Tarasov, A. A. "FINANCING OF COMPANIES WITH SYNDICATED LOANS." World of Transport and Transportation 15, no. 3 (2017): 122–31. http://dx.doi.org/10.30932/1992-3252-2017-15-3-11.

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[For the English abstract and full text of the article please see the attached PDF-File (English version follows Russian version)].ABSTRACT The article analyzes the features of syndicated loans for transport companies. The purposes for which borrowers from the transport sector raise funds, and the requirements for provision of financial and information materials within the transaction are considered. The key stages of the process of attracting a syndicated loan and functions of its main participants are presented, while the success of the project is the consistency of the results with the obje

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Jessca, Jessca, Rufinus Hotmaulana Hutauruk, and Hari Sutra Disemadi. "Perlindungan Hukum Terhadap Lead Bank Dalam Terjadinya Wanprestasi Kredit Sindikasi di Kota Batam." JURNAL HUKUM PELITA 6, no. 1 (2025): 37–56. https://doi.org/10.37366/jhp.v6i1.5255.

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Syndicated credit refers to the provision of credit extended by more than one rural bank (BPR) for a single debtor loan. In Batam City, this type of credit is commonly practiced by BPRs to meet the needs of debtors requiring large loans. In this mechanism, one bank acts as the lead bank, serving as the principal institution leading the syndicated credit provision. This study provides an overview of the implementation of dispute resolution in syndicated credit in the event of default by the debtor, as well as the legal protection afforded to the lead bank during the dispute resolution process.

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Arsenova, L. A. "REGIONAL ASPECTS OF DEVELOPMENT OF SYNDICATED LOAN MARKET IN RUSSIA AND PRICE TRENDS UNDER THE CONDITIONS OF MODERN WORLD ECONOMIC CRISIS." Strategic decisions and risk management, no. 1 (November 1, 2014): 80–87. http://dx.doi.org/10.17747/2078-8886-2011-1-80-87.

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Syndicated loans market has significantly changed following the financial crisis in 2008-2010. However for the regional companies the syndicated loans have become an instrument for the increase in efficiency and recovery. As well Russian banks are more active on the syndicated loans market. As for the further development and pricing trends we assume that the pre-crisis amounts and structures of the syndicated loans could not return before end 2012–2013 however the pricing will remain on the current level.

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BELOUSOV, Andrei L. "Syndicated Lending: Law Enforcement and Legislative Refinements." Digest Finance 26, no. 3 (2021): 261–67. http://dx.doi.org/10.24891/df.26.3.261.

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Subject. This article focuses on the development of the syndicated lending institution as the respective legal framework emerges. Objectives. The article aims to consider problems of the development of syndicated lending in Russia and describe the main areas for further changes in the legal regulation. Methods. For the study, I used logical and structural analyses, and functional analysis system and legalistic approaches. Results. The article describes the essence, features and legal regulation of syndicated lending, and evaluates enforcement practices based on the new syndicated loan law. It

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Haque, Sharjil, Simon Mayer, and Teng Wang. "How Private Equity Fuels Non-Bank Lending." Finance and Economics Discussion Series, no. 2024-015 (March 2024): 1–48. http://dx.doi.org/10.17016/feds.2024.015.

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We show how private equity (PE) buyouts fuel loan sales and non-bank participation in the U.S. syndicated loan market. Combining loan-level data from the Shared National Credit register with buyout deals from Pitchbook, we find that PE-backed loans feature lower bank monitoring, lower loan shares retained by the lead bank, and more loan sales to non-bank financial intermediaries. For PE-backed loans, the sponsor’s reputation and the strength of its relationship with the lead bank further reduce the lead bank’s retained share and monitoring. Our results suggest that PE sponsor engagement substi

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Matveev, Igor V. "THE LIABILITY UNDER A SYNDICATED LOAN AGREEMENT." Banking law 3 (June 24, 2020): 12–20. http://dx.doi.org/10.18572/1812-3945-2020-3-12-20.

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Mi, Biao, and Liang Han. "Banking market concentration and syndicated loan prices." Review of Quantitative Finance and Accounting 54, no. 1 (2018): 1–28. http://dx.doi.org/10.1007/s11156-018-0781-y.

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Kopecky, Kenneth, and Yibo Xiao. "THE REPUTATION EFFECT ON SYNDICATED LOAN PRICING." Journal of Academy of Business and Economics 13, no. 1 (2013): 207–25. http://dx.doi.org/10.18374/jabe-13-1.16.

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Godlewski, Christophe J. "How to get a syndicated loan fast ? The role of syndicate composition and organization." Finance 31, no. 2 (2010): 051. http://dx.doi.org/10.3917/fina.312.0051.

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