The Cost of Intermediary Market Power for Distressed Borrowers
收藏NBER2026-05-01 更新2026-05-19 收录
下载链接：
https://www.nber.org/papers/w35206
下载链接
链接失效反馈官方服务：
资源简介：
Distressed firms need urgent financing to preserve operations and avoid inefficient liquidation, but they borrow in concentrated markets shaped by existing-creditor blocking power and a small group of specialized lenders. We show that these borrowers pay exceptionally high loan spreads even after
提供机构：
美国国家经济研究局
创建时间：
2026-05-01
