A Theory of the Syndicate: Form Follows Function

By Pegaret Pichler, William J. Wilhelm. 2001

228 citations recorded by the source corpus.

Subfields: Accounting, Finance, Management Science and Operations Research

View Paper: https://www.semanticscholar.org/paper/d2f3c498297d832953bc690f8115798e172dafd3

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Citations in the corpus

Syndication, Interconnectedness, and Systemic Risk (2018, unknown): “33 [31] Pichler, Pegaret, and William Wilhelm, 2001, A Theory of the Syndicate: Form Follows Function, Journal of Finance, Vol.”
Evidence Of Information Spillovers In The Production Of Investment Banking Services (2003, unknown): “See Persons and Warther (1997), Anand and Galetovic (2000), Loughran and Ritter (2000), and Pichler and Wilhelm (2000) .”
On Loan Sales, Loan Contracting, and Lending Relationships (2009, background): “Formal models by Gorton & Haubrich (1987) and Pichler & Wilhelm (2001) show that when lead lenders sell and syndicate loans, fear of reputation loss can limit shirking on information production (screening and monitoring).”
The Role of IPO Underwriting Syndicates: Pricing, Information Production, and Underwriter Competition (2005, background): “2 Pichler and Wilhelm (2001) observe that the reliance on reputation and relationships in syndicates makes it harder for new firms to break into the business and may allow members to earn quasi-rents.”
Bank reputation in the private debt market (2010, background): “The early work by Wilson (1968) and others (e.g., Chowdhry and Nanda, 1996) considers the rationale for syndication, showing that the risk-sharing effect of syndication drives the market.”
How Stock Flippers Affect IPO Pricing and Stabilization (2002, unknown): “8Recent empirical studies of underwriter stabilization practices include Hanley, Kumar, and Seguin (1993), Schultz and Zaman (1994), Hanley, Lee, and Seguin (1996), Benveniste, Erdal, and Wilhelm (1998), Prabhala and Puri (1998), Aggarwal (2000), and Ellis, Michaely, and O’Hara (2000).”
Financial Crises and the Composition of Cross-Border Lending (2014, unknown): “There are significant reputational costs associated with the loan syndication business: although defaults in the syndicated loan market are rare, they can impact the lead bank’s reputation and future ability to place a syndicated loan (Gopalan, Nanda and Yerramilli, 2011; Pichler and Wilhelm, 2001).”
Monitoring, Financial Distress, and the Structure of Commercial Lending Syndicates (2004, background): “A significant literature argues that the seller’s reputation can mitigate agency problems in loan sales or syndications (see Gorton and Pennachi, 1995, and Pichler and Wilhelm, 2001).”