In June 2012, the Federal Reserve Board of Governors asked loan officers to describe their current loan standards "using the range between the tightest and easiest that lending standards at your bank have been between 2005 and the present." For
nonsyndicated loans to small firms (annual sales of less than $50 million), 39.3 percent said that standards are currently "tighter than the midpoint of the range," while only 23 percent said they are "easier than the midpoint of the range."
(6) As helpfully noted by the referee, our exclusion of
nonsyndicated loans could create a selection bias.
found that
nonsyndicated loans structured for resale (typically
By comparing the adverse selection risks associated with capital structure decisions for syndicated versus
nonsyndicated investments, Cumming explores the relationship between syndication and screening.
On local stations, an occasional
nonsyndicated moderate or liberal may sneak through the cracks, but there are relatively few such exceptions.
He describes dozens of these
nonsyndicated writers in his book.
Some speculate that Corcoran's departure from KSD was a "salary dump" which signaled the end of an era where locally based,
nonsyndicated high profile morning air talent no longer would command high salaries.
In the case of
nonsyndicated, unlevered ownership ([Alpha] = 1; [Lambda] = 0), the value of the MLB franchise becomes the expected value of "the pure equity stream of its class:"
1984)] (estimating that shelf-registered equity offerings have lower issuing costs of about 0.630 cents per dollar raised for syndicated offerings and about 1.363 cents per dollar of equity raised for
nonsyndicated offerings); Office of Chief Economist, SEC, Explaining the Savings Prom Rule 415: The Debt Market 15 (Sept.
The Best of the Rest:
NonSyndicated Newspaper Columnists Select Their Best Work Edited by Sam G.
Robust check number 1 (Table 6) presents estimates similar to that in Table 5, but with syndicated and
nonsyndicated investments treated separately as two different subsamples (we do not treat different types of investors in different subsamples for reasons previously indicated).