{"id":"https://openalex.org/W1974886327","doi":"https://doi.org/10.1016/j.jbankfin.2015.02.008","title":"Who Lends to Riskier and Lower-Profitability Firms? Evidence from the Syndicated Loan Market","display_name":"Who Lends to Riskier and Lower-Profitability Firms? Evidence from the Syndicated Loan Market","publication_year":2015,"publication_date":"2015-01-01","ids":{"openalex":"https://openalex.org/W1974886327","doi":"https://doi.org/10.1016/j.jbankfin.2015.02.008","mag":"1974886327"},"language":"en","primary_location":{"id":"doi:10.1016/j.jbankfin.2015.02.008","doi":"https://doi.org/10.1016/j.jbankfin.2015.02.008","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.jbankfin.2015.02.008","pdf_url":null,"source":{"id":"https://openalex.org/S2876017","display_name":"Journal of Banking & Finance","issn_l":"0378-4266","issn":["0378-4266","1872-6372"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","fnege-1","jufo-2","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Banking & Finance","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref","datacite"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://doi.org/10.2139/ssrn.2561288","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5021903216","display_name":"Maria Iosifidi","orcid":"https://orcid.org/0000-0001-5314-4209","observed_orcids":["https://orcid.org/0000-0001-5314-4209"]},"institutions":[{"id":"https://openalex.org/I28290843","display_name":"University of Surrey","ror":"https://ror.org/00ks66431","country_code":"GB","type":"education","lineage":["https://openalex.org/I28290843"]}],"countries":["GB"],"is_corresponding":true,"raw_author_name":"Maria Iosifidi","raw_affiliation_strings":["Surrey Business School, University of Surrey, Guildford GU2 7XH, UK"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Surrey Business School, University of Surrey, Guildford GU2 7XH, UK","institution_ids":["https://openalex.org/I28290843"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5023915497","display_name":"Sotirios Kokas","orcid":"https://orcid.org/0000-0002-4064-851X","observed_orcids":["https://orcid.org/0000-0002-4064-851X"]},"institutions":[{"id":"https://openalex.org/I110002522","display_name":"University of Essex","ror":"https://ror.org/02nkf1q06","country_code":"GB","type":"education","lineage":["https://openalex.org/I110002522"]}],"countries":["GB"],"is_corresponding":false,"raw_author_name":"Sotirios Kokas","raw_affiliation_strings":["Essex Business School, University of Essex, Wivenhoe Park, Colchester, CO4 3SQ, UK"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Essex Business School, University of Essex, Wivenhoe Park, Colchester, CO4 3SQ, UK","institution_ids":["https://openalex.org/I110002522"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5021903216"],"corresponding_institution_ids":["https://openalex.org/I28290843"],"apc_list":{"value":3340,"currency":"USD","value_usd":3340},"apc_paid":null,"fwci":1.8926,"has_fulltext":false,"cited_by_count":21,"citation_normalized_percentile":{"value":0.88252854,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":88,"max":98},"biblio":{"volume":"61","issue":null,"first_page":"S14","last_page":"S21"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.9672999978065491,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.9672999978065491,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.014999999664723873,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11496","display_name":"Credit Risk and Financial Regulations","score":0.01140000019222498,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/syndicated-loans","display_name":"syndicated loans","score":0.9160000085830688},{"id":"https://openalex.org/keywords/bank-firm-relationships","display_name":"bank-firm relationships","score":0.7639999985694885},{"id":"https://openalex.org/keywords/bank-credit-risk","display_name":"bank credit risk","score":0.9269999861717224},{"id":"https://openalex.org/keywords/bank-capital","display_name":"bank capital","score":0.7540000081062317},{"id":"https://openalex.org/keywords/risk-weighted-capital","display_name":"risk-weighted capital","score":0.75},{"id":"https://openalex.org/keywords/adverse-selection","display_name":"adverse selection","score":0.6899999976158142},{"id":"https://openalex.org/keywords/business-risk","display_name":"business risk","score":0.5590000152587891},{"id":"https://openalex.org/keywords/firm-profitability","display_name":"firm profitability","score":0.949999988079071},{"id":"https://openalex.org/keywords/firm-market-value","display_name":"firm market value","score":0.8569999933242798},{"id":"https://openalex.org/keywords/banking-supervision","display_name":"banking supervision","score":0.5289999842643738},{"id":"https://openalex.org/keywords/bank-lending","display_name":"bank lending","score":0.3319999873638153}],"concepts":[{"id":"https://openalex.org/C2776931825","wikidata":"https://www.wikidata.org/wiki/Q1756052","display_name":"Syndicated loan","level":3,"score":0.7436424493789673},{"id":"https://openalex.org/C129361004","wikidata":"https://www.wikidata.org/wiki/Q2470236","display_name":"Profitability index","level":2,"score":0.7142190337181091},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.6636340618133545},{"id":"https://openalex.org/C2777764128","wikidata":"https://www.wikidata.org/wiki/Q189539","display_name":"Loan","level":2,"score":0.6009179353713989},{"id":"https://openalex.org/C32252159","wikidata":"https://www.wikidata.org/wiki/Q380037","display_name":"Adverse selection","level":2,"score":0.5762916803359985},{"id":"https://openalex.org/C178350159","wikidata":"https://www.wikidata.org/wiki/Q162714","display_name":"Credit risk","level":2,"score":0.5690368413925171},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.5048002004623413},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.4365176558494568},{"id":"https://openalex.org/C165696696","wikidata":"https://www.wikidata.org/wiki/Q11287","display_name":"Exploit","level":2,"score":0.4170929491519928},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.2955387830734253},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.266343891620636},{"id":"https://openalex.org/C38652104","wikidata":"https://www.wikidata.org/wiki/Q3510521","display_name":"Computer security","level":1,"score":0.0},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0}],"mesh":[],"locations_count":10,"locations":[{"id":"doi:10.1016/j.jbankfin.2015.02.008","doi":"https://doi.org/10.1016/j.jbankfin.2015.02.008","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.jbankfin.2015.02.008","pdf_url":null,"source":{"id":"https://openalex.org/S2876017","display_name":"Journal of Banking & Finance","issn_l":"0378-4266","issn":["0378-4266","1872-6372"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","fnege-1","jufo-2","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Banking & Finance","raw_type":"journal-article"},{"id":"doi:10.2139/ssrn.2561288","doi":"https://doi.org/10.2139/ssrn.2561288","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.2561288","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"SSRN Electronic Journal","raw_type":"journal-article"},{"id":"pmh:oai::61942","doi":null,"is_oa":false,"landing_page_url":"https://mpra.ub.uni-muenchen.de/61942/1/MPRA_paper_61942.pdf","pdf_url":"https://mpra.ub.uni-muenchen.de/61942/1/MPRA_paper_61942.pdf","source":{"id":"https://openalex.org/S4306400553","display_name":"Munich Personal RePEc Archive (Ludwig Maximilian University of Munich)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I8204097","host_organization_name":"Ludwig-Maximilians-Universit\u00e4t M\u00fcnchen","host_organization_lineage":["https://openalex.org/I8204097"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":"","raw_type":"MPRA Paper"},{"id":"pmh:oai:repository.essex.ac.uk:13524","doi":null,"is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.jbankfin.2015.02.008","pdf_url":null,"source":{"id":"https://openalex.org/S4306401236","display_name":"Open Access at Essex (University of Essex)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I110002522","host_organization_name":"University of Essex","host_organization_lineage":["https://openalex.org/I110002522"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"Article"},{"id":"pmh:oai:RePEc:pra:mprapa:61942","doi":null,"is_oa":false,"landing_page_url":"https://mpra.ub.uni-muenchen.de/61942/1/MPRA_paper_61942.pdf","pdf_url":"https://mpra.ub.uni-muenchen.de/61942/1/MPRA_paper_61942.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"pmh:oai:epubs.surrey.ac.uk:807182","doi":null,"is_oa":false,"landing_page_url":"http://epubs.surrey.ac.uk/807182/1/Who%20lends%20to%20riskier%20and%20lower-profitability%20firms%20Evidence%20from%20the%20syndicated%20loan%20market.pdf","pdf_url":"http://epubs.surrey.ac.uk/807182/1/Who%20lends%20to%20riskier%20and%20lower-profitability%20firms%20Evidence%20from%20the%20syndicated%20loan%20market.pdf","source":{"id":"https://openalex.org/S4306400680","display_name":"Surrey Research Insight Open Access (The University of Surrey)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I28290843","host_organization_name":"University of Surrey","host_organization_lineage":["https://openalex.org/I28290843"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Article"},{"id":"mag:2289217664","doi":null,"is_oa":false,"landing_page_url":"https://econpapers.repec.org/RePEc:pra:mprapa:61942","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null},{"id":"pmh:oai:RePEc:eee:jbfina:v:61:y:2015:i:s1:p:s14-s21","doi":null,"is_oa":false,"landing_page_url":"http://www.sciencedirect.com/science/article/pii/S0378426615000357","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:eprints.gla.ac.uk:195659","doi":null,"is_oa":false,"landing_page_url":"http://eprints.gla.ac.uk/195659/","pdf_url":null,"source":{"id":"https://openalex.org/S4210235606","display_name":"ENLIGHTEN (Jurnal Bimbingan dan Konseling Islam)","issn_l":"2622-8912","issn":["2622-8912","2622-8920"],"is_oa":false,"is_in_doaj":true,"is_core":false,"listed_in":["doaj"],"host_organization":"https://openalex.org/I4405259220","host_organization_name":"Institut Agama Islam Negeri Langsa","host_organization_lineage":["https://openalex.org/I4405259220"],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Articles"},{"id":"doi:10.13140/rg.2.1.1466.1603","doi":"https://doi.org/10.13140/rg.2.1.1466.1603","is_oa":false,"landing_page_url":"https://doi.org/10.13140/rg.2.1.1466.1603","pdf_url":null,"source":null,"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"Other"}],"best_oa_location":{"id":"doi:10.2139/ssrn.2561288","doi":"https://doi.org/10.2139/ssrn.2561288","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.2561288","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"SSRN Electronic Journal","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":44,"referenced_works":["https://openalex.org/W603270971","https://openalex.org/W1514369923","https://openalex.org/W1546523058","https://openalex.org/W1552065055","https://openalex.org/W1561398298","https://openalex.org/W1587986672","https://openalex.org/W1957306883","https://openalex.org/W1963772190","https://openalex.org/W1984362037","https://openalex.org/W1994038570","https://openalex.org/W1995434879","https://openalex.org/W2016441547","https://openalex.org/W2021077432","https://openalex.org/W2045390397","https://openalex.org/W2055324653","https://openalex.org/W2058900719","https://openalex.org/W2064931924","https://openalex.org/W2073479667","https://openalex.org/W2087773797","https://openalex.org/W2098471783","https://openalex.org/W2105554859","https://openalex.org/W2108113779","https://openalex.org/W2109139354","https://openalex.org/W2120492109","https://openalex.org/W2131921554","https://openalex.org/W2150973931","https://openalex.org/W2156109180","https://openalex.org/W2582713259","https://openalex.org/W2729237840","https://openalex.org/W3049243281","https://openalex.org/W3121294759","https://openalex.org/W3121930358","https://openalex.org/W3122332694","https://openalex.org/W3122494203","https://openalex.org/W3122879148","https://openalex.org/W3123323948","https://openalex.org/W3124658167","https://openalex.org/W3124858171","https://openalex.org/W3124914565","https://openalex.org/W3124982262","https://openalex.org/W3125328901","https://openalex.org/W3125521824","https://openalex.org/W4285719527","https://openalex.org/W6618535133"],"related_works":["https://openalex.org/W4403072223","https://openalex.org/W4313394866","https://openalex.org/W2201740326","https://openalex.org/W2174793090","https://openalex.org/W7133686287","https://openalex.org/W4414584034","https://openalex.org/W2620722028","https://openalex.org/W3141721835","https://openalex.org/W4406338466","https://openalex.org/W2363604503"],"abstract_inverted_index":null,"counts_by_year":[{"year":2026,"cited_by_count":4},{"year":2025,"cited_by_count":3},{"year":2024,"cited_by_count":2},{"year":2022,"cited_by_count":4},{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":3},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":1},{"year":2017,"cited_by_count":2}],"updated_date":"2026-11-03T10:50:19.383937","created_date":"2016-06-24T00:00:00"}