Current studies show one to twin owners-which is, associations one to at exactly the same time hold guarantee and you will debt of the same business-internalize the newest shareholder-creditor disagreement and you will produce extra positioning between them functions (Jiang mais aussi al. But not, minimization of the stockholder-collector conflict happens at the cost of establishing a special dispute certainly one of creditors. Financial institutions holding high equity limits inside borrower businesses have really additional incentives than just financial institutions carrying very small or no security stakes. Continue reading “Invest in Disagree: Within-Syndicate Dispute and you will Syndicated Financing Hiring”
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Invest in Disagree: Within-Syndicate Dispute and you will Syndicated Financing Hiring