The Effects of Market Technical on Loan Spread : Evidence From Global Syndicated Loans
碩士 === 國立政治大學 === 財務管理研究所 === 98 === Using a sample of more than 23,000 syndicated tranches to borrowers from 63 countries for the 1982-2009 period, we test the influence of the supply and demand side effects on loan spread. Our results show that supply side effect leads to a significant lower spre...
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ndltd-TW-098NCCU53050152016-04-25T04:29:10Z http://ndltd.ncl.edu.tw/handle/97698617658012618064 The Effects of Market Technical on Loan Spread : Evidence From Global Syndicated Loans 供需模型對借款利率之影響:以全球聯貸案為例 李孟芳 碩士 國立政治大學 財務管理研究所 98 Using a sample of more than 23,000 syndicated tranches to borrowers from 63 countries for the 1982-2009 period, we test the influence of the supply and demand side effects on loan spread. Our results show that supply side effect leads to a significant lower spread, but in some countries with higher appetite of institutional investors, such as U.S. and Spain, these results do not hold. We find that the negative effect above mentioned on spread will be significant for firms whose original loan spread is much higher; i.e., firms with serious financial constraint or low investment opportunity. 張元晨 2010 學位論文 ; thesis 60 en_US |
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碩士 === 國立政治大學 === 財務管理研究所 === 98 === Using a sample of more than 23,000 syndicated tranches to borrowers from 63 countries for the 1982-2009 period, we test the influence of the supply and demand side effects on loan spread. Our results show that supply side effect leads to a significant lower spread, but in some countries with higher appetite of institutional investors, such as U.S. and Spain, these results do not hold. We find that the negative effect above mentioned on spread will be significant for firms whose original loan spread is much higher; i.e., firms with serious financial constraint or low investment opportunity.
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張元晨 |
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張元晨 李孟芳 |
author |
李孟芳 |
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李孟芳 The Effects of Market Technical on Loan Spread : Evidence From Global Syndicated Loans |
author_sort |
李孟芳 |
title |
The Effects of Market Technical on Loan Spread : Evidence From Global Syndicated Loans |
title_short |
The Effects of Market Technical on Loan Spread : Evidence From Global Syndicated Loans |
title_full |
The Effects of Market Technical on Loan Spread : Evidence From Global Syndicated Loans |
title_fullStr |
The Effects of Market Technical on Loan Spread : Evidence From Global Syndicated Loans |
title_full_unstemmed |
The Effects of Market Technical on Loan Spread : Evidence From Global Syndicated Loans |
title_sort |
effects of market technical on loan spread : evidence from global syndicated loans |
publishDate |
2010 |
url |
http://ndltd.ncl.edu.tw/handle/97698617658012618064 |
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