Duration of Syndication Process and Syndicate Organization
Paperback, 38 pages
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What influence does syndicate organization have on the duration of the loan
syndication process? We answer this question using survival analysis methodology on a sample of more than 4, 800 loans to borrowers from 59 countries.
We find that syndicate size, concentration, experience, reputation, and na-
tional diversity clearly matter for the duration of the syndication process
and therefore for borrower satisfaction in terms of the speed of obtaining the
necessary funding.