large debt financing syndicated loans versus corporate bonds
large debt financing syndicated loans versus corporate bonds
large debt financing syndicated loans versus corporate bonds
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In 2009 all ECB<br />
publications<br />
feature a motif<br />
taken from the<br />
€200 banknote.<br />
WORKING PAPER SERIES<br />
NO 1028 / MARCH 2009<br />
LARGE DEBT FINANCING<br />
SYNDICATED LOANS VERSUS<br />
CORPORATE BONDS 1<br />
by Yener Altunbaş 2 , Alper Kara 3<br />
and David Marqués-Ibáñez 4<br />
This paper can be downloaded without charge from<br />
http://www.ecb.europa.eu or from the Social Science Research Network<br />
electronic library at http://ssrn.com/abstract_id=1349085.<br />
1 The opinions expressed in this paper are those of the authors only and do not necessarily represent the views of the European Central Bank.<br />
We are very grateful to an anonymous referee from the European Central Bank Working Paper series as well as to Juan Angel Garcia,<br />
Marco lo Duca, Dimitrios Rakitzis and Carmelo Salleo for very useful comments.<br />
2 Bangor Business School, Bangor University, Bangor, Gwynedd, LL57 2DG, United Kingdom; e-mail: Y.Altunbas@bangor.ac.uk<br />
3 Corresponding author: Loughborough University Business School, LE113TU, United Kingdom;<br />
e-mail: a.kara@lboro.ac.uk; tel.: +44 1509 228808<br />
4 European Central Bank, Directorate General Research, Kaiserstrasse 29, D-60311<br />
Frankfurt am Main, Germany; e-mail: david.marques@ecb.europa.eu;<br />
tel.: +49 69 1344 6460
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