Link about it : the social capital of banks

This thesis explores the social aspect of firm collaborations by studying relationships among banks when they jointly issue loans, i.e. syndicate loans. Essentially, banks may issue loans with new partner banks in an attempt to benefit from the knowledge new partner banks have to offer. Such knowledge is useful to banks especially when banks know little about their borrowers. Additionally, banks use their existing collaborations to pressure other banks to adopt business practices, such as adoption of codes of conduct. In fact, the structure of bank collaborations affects the rate and extent to which such business practices are adopted.