Kids Library Home

Welcome to the Kids' Library!

Search for books, movies, music, magazines, and more.

     
Available items only
E-Book/E-Doc
Author Jones, Jonathan.

Title Recent trends in bank loan syndications : evidence for 1995 to 1999 / Jonathan Jones, William W. Lang, Peter Nigro.

Imprint [Washington, D.C.] : U.S. Office of the Comptroller of the Currency, [2000]

Copies

Location Call No. OPAC Message Status
 Axe Federal Documents Online  T 12.22:2000-10    ---  Available
Description 1 online resource (27 pages).
text txt rdacontent
computer c rdamedia
online resource cr rdacarrier
Series Economic and policy analysis working paper ; 2000-10
Economic and policy analysis working paper (2000) ; 2000-10.
System Details Mode of access: Internet via the OCC Web site. Address as of 01/30/04: http://www.occ.treas.gov/ftp/workpaper/wp2000-10.pdf; current access is available via PURL.
Note Title from title screen (viewed Jan. 30, 2004).
"December 2000."
Form Also available in paper.
Bibliography Includes bibliographical references.
Summary "Bank loan syndications have become an increasingly popular and important way for commercial borrowers to satisfy their financing needs. The ability to overcome problems of adverse selection and moral hazard are critical to the development of this market. Using a panel data set constructed from the Shared National Credit Program over the period 1995 to 1999, this paper extends the work of Simons (1993) and Dennis and Mullineaux (2000) by estimating a multivariate cross-section/time-series regression model explaining an agent bank's retained share of a syndicated loan. The panel regression model focuses on the effect of information asymmetries, loan quality, and capital constraints on an agent bank's retained loan share. We also test for opportunistic behavior by agent banks. We find that bank capital, loan seasoning, and maturity have significant effects on the average loan share retained by an agent bank. More importantly, we find that, although agent banks retain larger portions of their lower-quality loans, certain agent banks specialize in the lower end of the credit spectrum, and these banks syndicate a larger share of their low-quality loans"--Office of the Comptroller of the Currency web site.
Subject Bank loans -- United States -- Evaluation.
Risk management -- Evaluation.
Bank loans -- Evaluation. (OCoLC)fst00826710
Risk management -- Evaluation. (OCoLC)fst01098173
United States. (OCoLC)fst01204155
Added Author Lang, William W.
Nigro, Peter.
United States. Office of the Comptroller of the Currency.
Other Form: Jones, Jonathan. Recent trends in bank loan syndications 26 p. (OCoLC)45822155
Standard No. AU@ 000026537565
Gpo Item No. 0947-A-01 (online)
Sudoc No. T 12.22:2000-10

 
    
Available items only