The study of loan concentration effects on syndicated loan and non-syndicated loan market after financial crisis
碩士 === 中國文化大學 === 國際貿易學系碩士班 === 98 === After the near collapse of the global financial system, recession and credit de-terioration have increase banks’ liquidity and default risk. However, banks can adjust its loan concentration to decrease liquidity and default risk. This study analyzed the differe...
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ndltd-TW-098PCCU03230172017-03-17T06:38:12Z http://ndltd.ncl.edu.tw/handle/54956490411597634435 The study of loan concentration effects on syndicated loan and non-syndicated loan market after financial crisis 金融危機對銀行聯貸市場與非聯貸市場放款集中度研究 Xiao-Han Liou 劉筱涵 碩士 中國文化大學 國際貿易學系碩士班 98 After the near collapse of the global financial system, recession and credit de-terioration have increase banks’ liquidity and default risk. However, banks can adjust its loan concentration to decrease liquidity and default risk. This study analyzed the differences of loan concentration on syndicated loan and non-syndicated loan market during financial crisis period. The sample period is between 2006 and 2009. By using Tobit regression model for empirical analysis, this study investigates the loan con-centration effects and the relation between loan concentration and the other factors that determine loan approval. Empirical results suggest that after the financial crisis, the loan concentration is significantly different in syndicated loan market and non-syndicated loan market. Moreover, the other factors that determine loan approval, such as collateral, borrower reputation and spread have substantial effects on the banks’ loan decisions. The results also reveal that the asymmetric information factors are playing quite a significant role before and after financial crisis. While more transparent of the asymmetric information and more banks loan concentrated, banks will increase their screening and monitoring standard of loans. On the contrary, while asymmetric information exists, banks will diversify loan portfolios to avoid the li-quidity and default risk. Yung-Yen Chen 陳勇諺 2010 學位論文 ; thesis 48 zh-TW |
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碩士 === 中國文化大學 === 國際貿易學系碩士班 === 98 === After the near collapse of the global financial system, recession and credit de-terioration have increase banks’ liquidity and default risk. However, banks can adjust its loan concentration to decrease liquidity and default risk. This study analyzed the differences of loan concentration on syndicated loan and non-syndicated loan market during financial crisis period. The sample period is between 2006 and 2009. By using Tobit regression model for empirical analysis, this study investigates the loan con-centration effects and the relation between loan concentration and the other factors that determine loan approval. Empirical results suggest that after the financial crisis, the loan concentration is significantly different in syndicated loan market and non-syndicated loan market. Moreover, the other factors that determine loan approval, such as collateral, borrower reputation and spread have substantial effects on the banks’ loan decisions. The results also reveal that the asymmetric information factors are playing quite a significant role before and after financial crisis. While more transparent of the asymmetric information and more banks loan concentrated, banks will increase their screening and monitoring standard of loans. On the contrary, while asymmetric information exists, banks will diversify loan portfolios to avoid the li-quidity and default risk.
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author2 |
Yung-Yen Chen |
author_facet |
Yung-Yen Chen Xiao-Han Liou 劉筱涵 |
author |
Xiao-Han Liou 劉筱涵 |
spellingShingle |
Xiao-Han Liou 劉筱涵 The study of loan concentration effects on syndicated loan and non-syndicated loan market after financial crisis |
author_sort |
Xiao-Han Liou |
title |
The study of loan concentration effects on syndicated loan and non-syndicated loan market after financial crisis |
title_short |
The study of loan concentration effects on syndicated loan and non-syndicated loan market after financial crisis |
title_full |
The study of loan concentration effects on syndicated loan and non-syndicated loan market after financial crisis |
title_fullStr |
The study of loan concentration effects on syndicated loan and non-syndicated loan market after financial crisis |
title_full_unstemmed |
The study of loan concentration effects on syndicated loan and non-syndicated loan market after financial crisis |
title_sort |
study of loan concentration effects on syndicated loan and non-syndicated loan market after financial crisis |
publishDate |
2010 |
url |
http://ndltd.ncl.edu.tw/handle/54956490411597634435 |
work_keys_str_mv |
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