Blar i BI Open på forfatter "Rosen, Samuel"
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Direct lenders in the U.S. middle market
Davydiuk, Tetiana; Marchuk, Tatyana; Rosen, Samuel (Peer reviewed; Journal article, 2024)This paper studies the rise of direct lending using a comprehensive dataset of investments by business development companies (BDC). We exploit three exogenous shocks to credit supply, including new banking regulations and ... -
Market Discipline in the Direct Lending Space
Davydiuk, Tetiana; Marchuk, Tatyana; Rosen, Samuel (Journal article; Peer reviewed, 2023)Using the exclusion of business development companies (BDCs) from stock indexes, this paper studies the effectiveness of market discipline in the direct lending space. Amid share sell-offs by institutional investors, a ...