Institutional Stock Trading on Loan Market Information

By Victoria Ivashina, Zheng Sun. 2011

287 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/b8b0e5dd02fbd69268089a16d0519d0984f78b50

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. Nadia Massoud
2. Anthony Saunders
3. Debarshi K. Nandy
4. Keke Song

In Finance

1. Nadia Massoud
2. Anthony Saunders
3. Debarshi K. Nandy
4. Keke Song
5. Barry Williams
6. Paolo Saona
7. J. Maudos
8. I. Bunda

Citations in the corpus

• The Role of Dynamic Renegotiation and Asymmetric Information in Financial Contracting (2015, unknown): “5 Ivashina and Sun (2011) look at the role of institutional traders in a subsample of renegotiations in which loan pricing changed.”
• More Insiders, More Insider Trading: Evidence from Private Equity Buyouts (2010, unknown): “Ivashina and Sun (2007) report indirect evidence of such leakage in that equity portfolios of institutions that hold stock and loans of the same company significantly outperform comparable investors that do not invest in the loan market.”
• Asymmetric Information Effects on Loan Spreads (2009, unknown): “To account for potential measurement problems, I also include as an 9 Ivashina and Sun (2007) show that, in two years following loan origination, approximately half of the participants in the lending syndicate sell their share on the secondary loan market, while the lead banks tend to remain as…”
• Do Hedge Funds Trade on Private Information? Evidence from Syndicated Lending and Short-Selling (2011, background): “6 10 Our paper is also related to the large literature on loan renegotiations, such as that of Aghion, Dewatripont, and Rey (1994), Maskin and Moore (1999), among others. A number of papers have also empirically investigated loan renegotiation and the information content of such renegotiation (see, ”
• Syndicated Loan Spreads and the Composition of the Syndicate (2012, unknown): “Ivashina and Sun (2011b) and Massoud, Nandy, Saunders, and Song (2011) focus on the trading of institutions that participate in syndicated lending, and the associated potential conflicts of interest.”