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dc.contributor.authorAlperovych, Yan
dc.contributor.authorDivakaruni, Anantha
dc.contributor.authorManigart, Sophie
dc.date.accessioned2022-03-14T11:04:39Z
dc.date.available2022-03-14T11:04:39Z
dc.date.issued2022en_US
dc.identifier.issn0929-1199
dc.identifier.doi10.1016/j.jcorpfin.2022.102181
dc.identifier.urihttp://hdl.handle.net/20.500.12127/7014
dc.description.abstractWe investigate how information flows within bank networks facilitate syndicate formation and lending in the leveraged buyout (LBO) market, where relationships between banks and borrowers are scarce and borrower opacity is high. Using novel measures that characterize a bank’s ability to source and disseminate information within its loan syndication network, we show that the extent of this capability influences which banks join the syndicate, the share the lead bank holds, and LBO borrowing terms. Banks’ ability to source and disseminate network-based information is particularly useful when ties to prospective borrowers are lacking, with the information flows extending beyond knowledge on PE firms and LBO targets.en_US
dc.language.isoenen_US
dc.publisherElsevieren_US
dc.subjectNetworksen_US
dc.subjectSyndicationen_US
dc.subjectLendingen_US
dc.subjectInformationen_US
dc.subjectPrivate Equityen_US
dc.subjectLeveraged Buyoutsen_US
dc.titleLending when relationships are scarce: The role of information spread via bank networksen_US
dc.identifier.journalJournal of Corporate Financeen_US
dc.source.volume73
dc.source.issueApril
dc.contributor.departmentemlyon business schoolen_US
dc.contributor.departmentUniversity of Bergenen_US
dc.identifier.eissn1872-6313
vlerick.knowledgedomainAccounting & Financeen_US
vlerick.typearticleVlerick strategic journal articleen_US
vlerick.vlerickdepartmentAFen_US
dc.identifier.vperid35884en_US


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