National Sun Vat-sen University, Kaohsiung, Taiwan
Abstract
The international market for syndicated loans had grown strongly over the past twenty seven years (1980-2007). Global syndicated lending reached US$ 4.5 trillions in 2007, a 5,500 percent increase from its level in 1980. Nonetheless, little research has been done in this area. Using historical data provided by various sources including Thomson Financial and The International Bank for Settlement, this paper reviews the development of this market in the said period and endeavors to identify the main driving forces for its development. The paper also reviews work done in this area by previous researchers
