The "Dominant Bank Effect:" How High Lender Reputation Affects the Information Content and Terms of Bank Loans

Three large banks control over half of the U.S. commercial loan market by volume through the syndication process. Using attributes of a borrower's location to instrument for lenderborrower matching, I show that the borrower stock price response to a loan announcement is more favorable if one of...

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Bibliographic Details
Published in:	The Review of financial studies 2010-07, Vol.23 (7), p.2730-2756
Main Author:	Ross, David Gaddis
Format:	Article
Language:	English
Subjects:	2000-2003 Ankündigungseffekt Bank accounts Bank credit Bank loans Bank markets Bank regulation Bank stocks Banking Banks Borrowing Börsenkurs Coefficients Credit market Finance Information content Informationswert Interest rates Kredit Lenders Loan rates Loans Reputation Reputations Stock prices Studies USA Zins
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