Title of article
Credit ratings and information asymmetry on the Chinese syndicated loan market
Author/Authors
Yongqiang and Korkeamنki، نويسنده , , Timo and Pِyry، نويسنده , , Salla and Suo، نويسنده , , Maiju، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2014
Pages
16
From page
1
To page
16
Abstract
We study whether local credit ratings alleviate information asymmetry inherent in the fast growing Chinese market by examining the syndicate structure of loans issued by Chinese borrowers in 2003–2011. Despite the common criticism regarding the quality of Chinese credit ratings, our results suggest that they serve an important role in reducing information asymmetry in the market between corporate insiders and outside borrowers.
Keywords
Syndicated loans , information asymmetry , CHINA , Credit ratings
Journal title
China Economic Review (Amsterdam
Serial Year
2014
Journal title
China Economic Review (Amsterdam
Record number
2262975
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