Bank loan renegotiation and financial institutions' network
研究了贷款机构在银团贷款网络中的中心度（即获取借款人信息的能力）如何影响银行贷款重新谈判过程，发现中心度高的机构能显著提高重新谈判的可能性和次数。
We investigate how lender's capacity of sourcing information about a borrower, proxied by its centrality in the networks of syndicated lending, influences the process of bank loan renegotiation. Using a large sample of more than 6000 loans issued in 25 European countries we find that the presence of network-central and better-informed lenders in a syndicate has a significant impact on the renegotiation process, increasing the likelihood of renegotiation, the number of renegotiation rounds, and the number of amendments to the loan agreement. Our findings survive numerous robustness checks and confirm that access to superior information encourages private debt renegotiation.