Do firms benefit from cooperating with good firms? Evidence from Syndicated Loan Market

• Main Authors: Chuan-Ying Yang, 楊川瑩
• Other Authors: 蔡湘萍
• Format: Others
• Language: en_US
• Online Access: http://ndltd.ncl.edu.tw/handle/51459817188547753129

碩士 === 元智大學 === 商學碩士班(財務金融學程) === 100 === This paper studies whether the firms with Fortune500 Company partners in supply chain could get better terms of loans when they borrow from banks. As for lenders, they tend to reduce information asymmetry between borrowers and lenders. Supply chain relationship is one of channels they could seek out some helpful information. Borrowers cooperate with Fortune 500 firms seem less risky than others and obtain some discount on loans. I figure out that those borrowers could acquire low loan spread and larger amounts of loans when they make loan deal with banks. I also examine this effect in crisis period in order to realize whether market timing is a factor to influence the supply chain relationship in syndicated loan markets.