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Keywords: syndicate size
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Journal Articles
The Accounting Review (2018) 93 (6): 301–329.
Published: 01 November 2018
...Daniel Saavedra ABSTRACT I investigate whether and how syndicate size influences the type of covenants used in debt contracts. Prior theory and evidence suggest renegotiation considerations from coordination difficulties in large syndicates and intertemporal transfers due to relationship lending...