Banking Environment and Syndicate Structure: A Cross‐Country Analysis

25 Pages Posted: 2 Apr 2010

See all articles by Christophe J. Godlewski

Christophe J. Godlewski

University of Strasbourg - Faculty of Law and Business; EM Strasbourg Business School; LaRGE Research Center

Date Written: June 30, 2008

Abstract

We investigate how syndicate structure is influenced by the characteristics of the banking environment, such as banking market structure, financial development, banking regulation and supervision, and legal risk. The results of a cross‐country analysis performed on a sample of 15,586 syndicated loan facilities for borrowers from 24 countries over a period of 15 years confirm that syndicate structure is influenced by banking environment consistent with agency costs minimization and efficient recontracting objectives.

Keywords: Banking Environment, Agency Costs, Loan Syndication, Syndicate Structure

JEL Classification: C31, F30, G21, G32

Suggested Citation

Godlewski, Christophe J., Banking Environment and Syndicate Structure: A Cross‐Country Analysis (June 30, 2008). EMFI Working Paper No. 1 - 2008. Available at SSRN: https://ssrn.com/abstract=1578794 or http://dx.doi.org/10.2139/ssrn.1578794

Christophe J. Godlewski (Contact Author)

University of Strasbourg - Faculty of Law and Business ( email )

1 place d'Athènes
Strasbourg, 67000
France

HOME PAGE: http://droit.unistra.fr/

EM Strasbourg Business School ( email )

61 Avenue de la Forêt Noire
Strasbourg, 67000
France

HOME PAGE: http://www.em-strasbourg.eu/

LaRGE Research Center ( email )

1 place d'Athènes
Strasbourg, 67000
France

HOME PAGE: http://droit.unistra.fr/

Register to save articles to
your library

Register

Paper statistics

Downloads
58
Abstract Views
478
rank
362,921
PlumX Metrics