Previous studies show you to dual people-that is, institutions one to as well hold collateral and debt of the identical corporation-internalize the fresh stockholder-creditor argument and you can end up in bonus alignment between the two parties (Jiang mais aussi al. But not, mitigation of the stockholder-creditor dispute comes at the cost of launching a separate conflict one of financial institutions. Loan providers carrying high collateral stakes from inside the debtor companies have most additional incentives than simply creditors holding really small if any equity stakes. So it conflict between creditors normally for this reason affect ex-ante obligations hiring and you may ex boyfriend-blog post loans renegotiation. Zobraziť viac o Invest in Differ: Within-Syndicate Argument and you will Syndicated Financing Employing …