Are current syndicated loan alliances related to past alliances?

Bank Lending Networks, Experience, Reputation, and Borrowing Costs: Empirical Evidence from the French Syndicated Lending Market

“…Data on the French syndicated lending market, including detailed information on the loan agreement and bank syndicate characteristics, come from the Dealscan database (LPC, Reuters). This database is commonly used in empirical studies on syndicated lending (Champagne and Kryzanowski, 2007; Sufi, 2007; Ivashina, 2009; and Ross, 2010). We are able to identify the country, name, and role of 436 lenders that participated in 924 syndicated deals to 776 French companies from 1992 to 2006.…”

The role of bank monitoring in corporate governance: Evidence from borrowers’ earnings management behavior

“…With respect to syndicated loans, the majority of academic research on bank monitoring focuses on the information asymmetry between lead banks and participants in a syndicate (e.g., Dennis and Mullineaux (2000), Lee and Mullineaux (2004), Jones et al (2005), Champagne and Kryzanowski (2007) and Sufi (2007)). However, these studies do not examine the effect of bank monitoring on firm governance.…”

On syndicate composition, corporate structure and the certification effect of credit ratings

“…First, it is related to the literature on how syndicated loans are structured (Panyagometh and Roberts, 2002;Lee and Mullineaux, 2004;Jones et al, 2005;Sufi, 2007;Champagne and Kryzanowski, 2007;Maskara, 2010), why loans are syndicated (Simons, 1993;Dennis and Mullineaux, 2000) and how syndicated loans are priced (Hao et al, 2006;Ivashina, 2009;Santos and Winton, 2008;Bharath et al, forthcoming;Hale and Santos, 2008;Norden and Wagner, 2008). It also relates to several international studies examining syndicate structures across countries (Esty and Megginson, 2003;Esty, 2004;Qian and Strahan, 2005).…”