haku: @author Megginson, W.L. / yhteensä: 6
viite: 2 / 6
| Tekijä: | Esty, B.C. Megginson, W.L. |
| Otsikko: | Creditor rights, enforcement, and debt ownership structure: evidence from the global syndicated loan market |
| Lehti: | Journal of Financial and Quantitative Analysis
2003 : MAR, VOL. 38:1, p. 37-59 |
| Asiasana: | Country comparisons Credit Debt Law Loans |
| Kieli: | eng |
| Tiivistelmä: | Using a sample of 495 project finance loan tranches (worth $ 151 billion) to borrowers in 61 different countries, the authors examine the relation between legal risk and debt ownership structure. The tranches exhibit high absolute levels of debt ownership concentration: the largest single bank holds 20,3% while the top five banks collectively hold 61,2% of a typical tranche. |
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