20
14:15 - 15:45
IWH Research Seminar
FEB
2024
14:15 - 15:45
Intermediary Frictions and the Corporate Credit Cycle: Evidence from CLOs
I quantify the contribution of intermediary agency frictions to the cyclicality of lending by collateralized loan obligations (CLOs). CLOs’ cost of debt contains significant compensation for agency problems arising from CLOs’ discretion in trading.
Who
(HEC Paris)
Where
Personal details
Quirin Fleckenstein is an Assistant Professor in Finance at HEC Paris. His research areas are Macro-Finance, Financial Intermediation, and Corporate Finance.
Whom to contact
Economist
If you have any further questions please contact me.
+49 345 7753-753 Request per E-Mail
