Are project finance loans different from other syndicated credits?

By S. Kleimeier, W. Megginson. Journal of Applied Corporate Finance, 2000

53 citations recorded by the source corpus.

This paper provides the first full-length empirical analysis of project finance, which is defined as "limited or non-recourse financing of a newly to be developed project through the establishment of a vehicle company." The article compares the characteristics of a sample of 4,956 project finance loans (worth $634 billion) to comparable samples of non-project finance loans, all of which are drawn from a comprehensive sample of 90,784 syndicated loans (worth $13.2 trillion) booked on international capital markets since 1980. 2000 Morgan Stanley.

Subfields: Economics and Econometrics, Finance, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/12a533de09a4442590bdf0e69093f6e4e79f7f4b