Journal article
Market response to syndicated loan announcements from high‐profile failed and acquiring banks during the global financial crisis
Accounting & Finance, Vol.60(1), pp.435-470
2019
Abstract
Previous studies that have examined the impact of the 2008 financial crisis on syndicated loans have ignored potential differences between lending banks by explicitly or implicitly aggregating all lenders together and focusing on borrower characteristics. One must jointly consider both borrower and lender to fully understand the complex role of the syndicate during this period. We consider the identity of the lender, with a focus on five major US banks that failed and their five corresponding acquirers. Our results highlight the distinct roles of investment and commercial banks and facilitate an understanding of relationship and transactional‐based lending.
Details
- Title
- Market response to syndicated loan announcements from high‐profile failed and acquiring banks during the global financial crisis
- Authors/Creators
- D. Gasbarro (Author/Creator)K‐S Le (Author/Creator)R.G. Schwebach (Author/Creator)J.K. Zumwalt (Author/Creator)
- Publication Details
- Accounting & Finance, Vol.60(1), pp.435-470
- Publisher
- Blackwell Publishing Inc.
- Identifiers
- 991005544277707891
- Copyright
- © 2019 Accounting and Finance Association of Australia and New Zealand
- Murdoch Affiliation
- School of Business and Governance
- Language
- English
- Resource Type
- Journal article
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- Collaboration types
- Domestic collaboration
- International collaboration
- Citation topics
- 6 Social Sciences
- 6.10 Economics
- 6.10.63 Corporate Governance
- Web Of Science research areas
- Business, Finance
- ESI research areas
- Economics & Business