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Essays on Changes in the Syndicated Loan Market

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posted on 2024-06-17, 23:30 authored by HAN ZHOU
This thesis explores dynamics and trends in the syndicated loan market, where multiple lenders collaboratively fund a single borrower. The first chapter observes a shift in borrowing patterns post-2010, where bank-dependent firms no longer prefer to borrow from well-capitalised banks. The second chapter highlights a significant rise in loans with multiple lead arrangers over the past two decades and analyses the roles of co-lead arrangements in producing borrowers' private information. The final chapter reveals a spillover effect from capital regulation tightening in a lead arranger's home country, resulting in a reduction in loan spreads of the lead arranger's cross-border loans.

History

Campus location

Australia

Principal supervisor

Silvio Contessi

Additional supervisor 1

Hassan Naqvi

Additional supervisor 2

Eden Zhang

Year of Award

2024

Department, School or Centre

Banking and Finance

Course

Doctor of Philosophy

Degree Type

DOCTORATE

Faculty

Faculty of Business and Economics

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    Faculty of Business and Economics Theses

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