Collateralization of business loans: Testing the prediction of theories
Author
Abstract
Suggested Citation
DOI: 10.1016/j.ribaf.2017.07.027
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Hans Degryse & Steven Ongena, 2005.
"Distance, Lending Relationships, and Competition,"
Journal of Finance, American Finance Association, vol. 60(1), pages 231-266, February.
- Hans Degryse & Steven Ongena, 2002. "Distance, Lending Relationships, and Competition," CSEF Working Papers 80, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
- Degryse, H.A. & Ongena, S., 2002. "Distance, Lending Relationships and Competition," Other publications TiSEM 122f97cc-f8b2-4b3b-9351-9, Tilburg University, School of Economics and Management.
- Degryse, H.A. & Ongena, S., 2002. "Distance, Lending Relationships and Competition," Discussion Paper 2002-16, Tilburg University, Center for Economic Research.
- Degryse, H.A. & Ongena, S., 2003. "Distance, Lending Relationships, and Competition," Other publications TiSEM eb89e625-09a5-4385-b973-f, Tilburg University, School of Economics and Management.
- Degryse, H.A. & Ongena, S., 2003. "Distance, Lending Relationships, and Competition," Discussion Paper 2003-123, Tilburg University, Center for Economic Research.
- Bester, Helmut, 1994.
"The Role of Collateral in a Model of Debt Renegotiation,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 26(1), pages 72-86, February.
- Bester, H., 1990. "The Role Of Collateral In A Model Of Debt Renegotiation," Papers 9060, Tilburg - Center for Economic Research.
- Bester, H., 1990. "The Role of Collateral in a Model of Debt Renegotiation," Discussion Paper 1990-60, Tilburg University, Center for Economic Research.
- Bester, H., 1994. "The role of collateral in a model of debt renegotiation," Other publications TiSEM efe919a3-7b33-4c98-93d1-2, Tilburg University, School of Economics and Management.
- Helmut Bester, 1990. "The Role of Collateral in a Model of Debt Renegotiation," CEPR Financial Markets Paper 0001, European Science Foundation Network in Financial Markets, c/o C.E.P.R, 33 Great Sutton Street, London EC1V 0DX..
- Bester, H., 1990. "The Role of Collateral in a Model of Debt Renegotiation," Other publications TiSEM c3595a51-2a58-40d7-9128-a, Tilburg University, School of Economics and Management.
- Berger, Allen N. & Scott Frame, W. & Ioannidou, Vasso, 2011.
"Tests of ex ante versus ex post theories of collateral using private and public information,"
Journal of Financial Economics, Elsevier, vol. 100(1), pages 85-97, April.
- Berger, A.N. & Frame, W.S. & Ioannidou, V., 2010. "Tests of Ex Ante Versus Ex Post Theories of Collateral Using Private and Public Information," Other publications TiSEM e10f40a9-f323-4985-a513-9, Tilburg University, School of Economics and Management.
- Allen N. Berger & W. Scott Frame & Vasso P. Ioannidou, 2010. "Tests of ex ante versus ex post theories of collateral using private and public information," FRB Atlanta Working Paper 2010-06, Federal Reserve Bank of Atlanta.
- Berger, A.N. & Frame, W.S. & Ioannidou, V., 2010. "Tests of Ex Ante Versus Ex Post Theories of Collateral Using Private and Public Information," Discussion Paper 2010-13, Tilburg University, Center for Economic Research.
- Berger, A.N. & Frame, W.S. & Ioannidou, V., 2010. "Tests of Ex Ante Versus Ex Post Theories of Collateral Using Private and Public Information," Other publications TiSEM 23a65c0b-9283-466b-ae01-b, Tilburg University, School of Economics and Management.
- Besanko, David & Thakor, Anjan V., 1987.
"Competitive equilibrium in the credit market under asymmetric information,"
Journal of Economic Theory, Elsevier, vol. 42(1), pages 167-182, June.
- David Besanko & Anjan V. Thakor, 2004. "Competitive Equilibrium in the Credit Market under Asymmetric Information," Finance 0411045, University Library of Munich, Germany.
- Patrick Bolton & Xavier Freixas & Leonardo Gambacorta & Paolo Emilio Mistrulli, 2016.
"Relationship and Transaction Lending in a Crisis,"
The Review of Financial Studies, Society for Financial Studies, vol. 29(10), pages 2643-2676.
- Patrick Bolton & Xavier Freixas & Leonardo Gambacorta & Paolo Emilio Mistrulli, 2013. "Relationship and Transaction Lending in a Crisis," NBER Working Papers 19467, National Bureau of Economic Research, Inc.
- Freixas, Xavier & Bolton, Patrick & Mistrulli, Paolo Emilio & Gambacorta, Leonardo, 2013. "Relationship and Transaction Lending in a Crisis," CEPR Discussion Papers 9662, C.E.P.R. Discussion Papers.
- Patrick Bolton & Xavier Freixas & Leonardo Gambacorta & Paolo Emilio Mistrulli, 2013. "Relationship and Transaction Lending in a Crisis," BIS Working Papers 417, Bank for International Settlements.
- Patrick Bolton & Xavier Freixas & Leonardo Gambacorta & Paolo Emilio Mistrulli, 2016. "Relationship and Transaction Lending in a Crisis," Working Papers 714, Barcelona School of Economics.
- Patrick Bolton & Xavier Freixas & Leonardo Gambacorta & Paolo Emilio Mistrulli, 2013. "Relationship and transaction lending in a crisis," Temi di discussione (Economic working papers) 917, Bank of Italy, Economic Research and International Relations Area.
- Patrick Bolton & Xavier Freixas & Leonardo Gambacorta & Paolo Emilio Mistrulli, 2013. "Relationship and transaction lending in a crisis," Economics Working Papers 1385, Department of Economics and Business, Universitat Pompeu Fabra.
- Arito Ono & Iichiro Uesugi, 2009.
"Role of Collateral and Personal Guarantees in Relationship Lending: Evidence from Japan's SME Loan Market,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 41(5), pages 935-960, August.
- Arito Ono & Iichiro Uesugi, 2009. "Role of Collateral and Personal Guarantees in Relationship Lending: Evidence from Japan's SME Loan Market," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 41(5), pages 935-960, August.
- Ono, Arito & 小野, 有人 & オノ, アリト & Uesugi, Iichiro & 植杉, 威一郎 & ウエスギ, イイチロウ, 2008. "The Role of Collateral and Personal Guarantees in Relationship Lending: Evidence from Japan's SME Loan Market," PIE/CIS Discussion Paper 371, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
- Berger, Allen N. & Espinosa-Vega, Marco A. & Frame, W. Scott & Miller, Nathan H., 2011.
"Why do borrowers pledge collateral? New empirical evidence on the role of asymmetric information,"
Journal of Financial Intermediation, Elsevier, vol. 20(1), pages 55-70, January.
- Allen N. Berger & Marco A. Espinosa-Vega & W. Scott Frame & Nathan H. Miller, 2007. "Why do borrowers pledge collateral? new empirical evidence on the role of asymmetric information," FRB Atlanta Working Paper 2006-29, Federal Reserve Bank of Atlanta.
- Chakraborty, Atreya & Hu, Charles X., 2006. "Lending relationships in line-of-credit and nonline-of-credit loans: Evidence from collateral use in small business," Journal of Financial Intermediation, Elsevier, vol. 15(1), pages 86-107, January.
- Degryse, Hans & Van Cayseele, Patrick, 2000.
"Relationship Lending within a Bank-Based System: Evidence from European Small Business Data,"
Journal of Financial Intermediation, Elsevier, vol. 9(1), pages 90-109, January.
- Hans Degryse & Partick Van cayseele, 1998. "Relationship Lending within a Bank-based System: Evidence from European Small Business Data," Working Papers of Department of Economics, Leuven ces9816, KU Leuven, Faculty of Economics and Business (FEB), Department of Economics, Leuven.
- Jiménez, Gabriel & Salas, Vicente & Saurina, Jesús, 2009.
"Organizational distance and use of collateral for business loans,"
Journal of Banking & Finance, Elsevier, vol. 33(2), pages 234-243, February.
- Gabriel Jiménez & Vicente Salas-Fumás & Jesús Saurina, 2008. "Organizational distance and use of collateral for business loans," Working Papers 0816, Banco de España.
- Fiordelisi, Franco & Marques-Ibanez, David & Molyneux, Phil, 2011.
"Efficiency and risk in European banking,"
Journal of Banking & Finance, Elsevier, vol. 35(5), pages 1315-1326, May.
- Marqués-Ibáñez, David & Fiordelisi, Franco & Molyneux, Phil, 2010. "Efficiency and risk in european banking," Working Paper Series 1211, European Central Bank.
- Jimenez, Gabriel & Saurina, Jesus, 2004.
"Collateral, type of lender and relationship banking as determinants of credit risk,"
Journal of Banking & Finance, Elsevier, vol. 28(9), pages 2191-2212, September.
- Gabriel Jiménez & Jesús Saurina, 2004. "Collateral, type of lender and relationship banking as determinants of credit risk," Working Papers 0414, Banco de España.
- Hainz, Christa & Dinh, Thanh & Kleimeier, Stefanie, 2011. "Collateral and its Determinants: Evidence from Vietnam," Proceedings of the German Development Economics Conference, Berlin 2011 36, Verein für Socialpolitik, Research Committee Development Economics.
- Berger, Allen N & Udell, Gregory F, 1995. "Relationship Lending and Lines of Credit in Small Firm Finance," The Journal of Business, University of Chicago Press, vol. 68(3), pages 351-381, July.
- Igawa, Kazuhiro & Kanatas, George, 1990. "Asymmetric Information, Collateral, and Moral Hazard," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 25(4), pages 469-490, December.
- Giannetti, Caterina, 2012.
"Relationship lending and firm innovativeness,"
Journal of Empirical Finance, Elsevier, vol. 19(5), pages 762-781.
- Giannetti, C., 2009. "Relationship Lending and Firm Innovativeness," Other publications TiSEM e3a9a322-f3cb-4cb1-bb7a-a, Tilburg University, School of Economics and Management.
- Giannetti, C., 2009. "Relationship Lending and Firm Innovativeness," Discussion Paper 2009-08, Tilburg University, Center for Economic Research.
- Mitchell A. Petersen, 2009.
"Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches,"
The Review of Financial Studies, Society for Financial Studies, vol. 22(1), pages 435-480, January.
- Mitchell A. Petersen, 2005. "Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches," NBER Working Papers 11280, National Bureau of Economic Research, Inc.
- Puri, Manju & Rocholl, Jörg & Steffen, Sascha, 2011.
"Global retail lending in the aftermath of the US financial crisis: Distinguishing between supply and demand effects,"
Journal of Financial Economics, Elsevier, vol. 100(3), pages 556-578, June.
- Manju Puri & Jörg Rocholl & Sascha Steffen, 2011. "Global retail lending in the aftermath of the US financial crisis: Distinguishing between supply and demand effects," NBER Working Papers 16967, National Bureau of Economic Research, Inc.
- Klapper, Leora, 2001. "The uniqueness of short-term collateralization," Policy Research Working Paper Series 2544, The World Bank.
- Pietro Alessandrini & Andrea F. Presbitero & Alberto Zazzaro, 2009. "Banks, Distances and Firms' Financing Constraints," Review of Finance, European Finance Association, vol. 13(2), pages 261-307.
- Fabbri, Daniela & Padula, Mario, 2004.
"Does poor legal enforcement make households credit-constrained?,"
Journal of Banking & Finance, Elsevier, vol. 28(10), pages 2369-2397, October.
- Daniela FABBRI & Mario PADULA, 2003. "Does Poor Legal Enforcement Make Households Credit-Constrained?," FAME Research Paper Series rp81, International Center for Financial Asset Management and Engineering.
- Besanko, David & Thakor, Anjan V, 1987. "Collateral and Rationing: Sorting Equilibria in Monopolistic and Competitive Credit Markets," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 28(3), pages 671-689, October.
- Bester, Helmut, 1987. "The role of collateral in credit markets with imperfect information," European Economic Review, Elsevier, vol. 31(4), pages 887-899, June.
- Jimenez, Gabriel & Salas, Vicente & Saurina, Jesus, 2006.
"Determinants of collateral,"
Journal of Financial Economics, Elsevier, vol. 81(2), pages 255-281, August.
- Gabriel Jiménez & Vicente Salas & Jesús Saurina, 2004. "Determinants of collateral," Working Papers 0420, Banco de España.
- Tensie Steijvers & Wim Voordeckers, 2009. "Collateral And Credit Rationing: A Review Of Recent Empirical Studies As A Guide For Future Research," Journal of Economic Surveys, Wiley Blackwell, vol. 23(5), pages 924-946, December.
- Elsas, Ralf, 2005. "Empirical determinants of relationship lending," Journal of Financial Intermediation, Elsevier, vol. 14(1), pages 32-57, January.
- Sandra E. Black & Philip E. Strahan, 2002. "Entrepreneurship and Bank Credit Availability," Journal of Finance, American Finance Association, vol. 57(6), pages 2807-2833, December.
- Jappelli, Tullio & Pagano, Marco & Bianco, Magda, 2005.
"Courts and Banks: Effects of Judicial Enforcement on Credit Markets,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 37(2), pages 223-244, April.
- Magda Bianco & Tullio Jappelli & Marco Pagano, 2001. "Courts and Banks: Effects of Judicial Enforcement on Credit Markets," CSEF Working Papers 58, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy, revised 09 Apr 2002.
- Pagano, Marco & Jappelli, Tullio & Bianco, Magda, 2002. "Courts and Banks: Effects of Judicial Enforcement on Credit Markets," CEPR Discussion Papers 3347, C.E.P.R. Discussion Papers.
- Menkhoff, Lukas & Neuberger, Doris & Rungruxsirivorn, Ornsiri, 2012.
"Collateral and its substitutes in emerging markets’ lending,"
Journal of Banking & Finance, Elsevier, vol. 36(3), pages 817-834.
- Lukas Menkhoff & Doris Neuberger & Ornsiri Rungruxsirivorn, 2011. "Collateral and its Substitutes in Emerging Markets' Lending," CESifo Working Paper Series 3585, CESifo.
- Machauer, Achim & Weber, Martin, 1998.
"Bank behavior based on internal credit ratings of borrowers,"
Journal of Banking & Finance, Elsevier, vol. 22(10-11), pages 1355-1383, October.
- Machauer, Achim & Weber, Martin, 1998. "Bank behavior based on internal credit ratings of borrowers," CFS Working Paper Series 1998/08, Center for Financial Studies (CFS).
- Christa Hainz & Laurent Weill & Christophe Godlewski, 2013.
"Bank Competition and Collateral: Theory and Evidence,"
Journal of Financial Services Research, Springer;Western Finance Association, vol. 44(2), pages 131-148, October.
- Christa Hainz & Laurent Weill & Christophe J. GODLEWSKI, 2008. "Bank Competition and Collateral: Theory and Evidence," Working Papers of LaRGE Research Center 2008-19, Laboratoire de Recherche en Gestion et Economie (LaRGE), Université de Strasbourg.
- Christa Hainz & Laurent Weill & Christophe J. Godlewski, 2013. "Bank Competition and Collateral: Theory and Evidence," Post-Print hal-03047769, HAL.
- Hainz, Christa & Weill, Laurent & Godlewski, Christophe J., 2008. "Bank competition and collateral: theory and evidence," Bank of Finland Research Discussion Papers 27/2008, Bank of Finland.
- Allen N. Berger & Robert De Young & Gregory F. Udell, 2001.
"Efficiency Barriers to the Consolidation of the European Financial Services Industry,"
European Financial Management, European Financial Management Association, vol. 7(1), pages 117-130, March.
- Allen N. Berger & Robert DeYoung & Gregory F. Udell, 2000. "Efficiency barriers to the consolidation of the European financial services industry," Finance and Economics Discussion Series 2000-37, Board of Governors of the Federal Reserve System (U.S.).
- Sumit Agarwal, 2010. "Distance and Private Information in Lending," The Review of Financial Studies, Society for Financial Studies, vol. 23(7), pages 2757-2788, July.
- Rajan, Raghuram G, 1992. "Insiders and Outsiders: The Choice between Informed and Arm's-Length Debt," Journal of Finance, American Finance Association, vol. 47(4), pages 1367-1400, September.
- Manove, Michael & Padilla, A Jorge & Pagano, Marco, 2001. "Collateral versus Project Screening: A Model of Lazy Banks," RAND Journal of Economics, The RAND Corporation, vol. 32(4), pages 726-744, Winter.
- Menkhoff, Lukas & Neuberger, Doris & Suwanaporn, Chodechai, 2006.
"Collateral-based lending in emerging markets: Evidence from Thailand,"
Journal of Banking & Finance, Elsevier, vol. 30(1), pages 1-21, January.
- Lukas Menkhoff & Doris Neuberger & Chodechai Suwanaporn, 2005. "Collateral-Based Lending in Emerging Markets: Evidence from Thailand," Finance 0501008, University Library of Munich, Germany.
- Inderst, Roman & Mueller, Holger M., 2007.
"A lender-based theory of collateral,"
Journal of Financial Economics, Elsevier, vol. 84(3), pages 826-859, June.
- Inderst, Roman & Mueller, Holger M., 2006. "A lender-based theory of collateral," IMFS Working Paper Series 6, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
- Inderst, Roman & Mueller, Holger, 2006. "A Lender-Based Theory of Collateral," CEPR Discussion Papers 5695, C.E.P.R. Discussion Papers.
- Boot, Arnoud W. A. & Thakor, Anjan V. & Udell, Gregory F., 1991.
"Credible commitments, contract enforcement problems and banks: Intermediation as credibility assurance,"
Journal of Banking & Finance, Elsevier, vol. 15(3), pages 605-632, June.
- Boot, A.W.A. & Thakor, A.V. & Udell, G.F., 1987. "Credible commitments, contract enforcement problems and banks : Intermediation as credibility assurance," Research Memorandum FEW 282, Tilburg University, School of Economics and Management.
- Boot, A.W.A. & Thakor, A.V. & Udell, G.F., 1987. "Credible commitments, contract enforcement problems and banks : Intermediation as credibility assurance," Other publications TiSEM 6168c386-7508-4320-afbb-1, Tilburg University, School of Economics and Management.
- Yaldız Hanedar, Elmas & Broccardo, Eleonora & Bazzana, Flavio, 2014. "Collateral requirements of SMEs: The evidence from less-developed countries," Journal of Banking & Finance, Elsevier, vol. 38(C), pages 106-121.
- Sharpe, Steven A, 1990.
"Asymmetric Information, Bank Lending, and Implicit Contracts: A Stylized Model of Customer Relationships,"
Journal of Finance, American Finance Association, vol. 45(4), pages 1069-1087, September.
- Steven A. Sharpe, 1989. "Asymmetric information, bank lending, and implicit contracts: a stylized model of customer relationships," Finance and Economics Discussion Series 70, Board of Governors of the Federal Reserve System (U.S.).
- Brick, Ivan E. & Palia, Darius, 2007. "Evidence of jointness in the terms of relationship lending," Journal of Financial Intermediation, Elsevier, vol. 16(3), pages 452-476, July.
- Harhoff, Dietmar & Korting, Timm, 1998. "Lending relationships in Germany - Empirical evidence from survey data," Journal of Banking & Finance, Elsevier, vol. 22(10-11), pages 1317-1353, October.
- Ardalan, Kavous, 2017. "Capital structure theory: Reconsidered," Research in International Business and Finance, Elsevier, vol. 39(PB), pages 696-710.
- Stiglitz, Joseph E & Weiss, Andrew, 1981. "Credit Rationing in Markets with Imperfect Information," American Economic Review, American Economic Association, vol. 71(3), pages 393-410, June.
- Berger, Allen N. & Udell, Gregory F., 1990.
"Collateral, loan quality and bank risk,"
Journal of Monetary Economics, Elsevier, vol. 25(1), pages 21-42, January.
- Allen N. Berger & Gregory F. Udell, 1988. "Collateral, loan quality, and bank risk," Finance and Economics Discussion Series 51, Board of Governors of the Federal Reserve System (U.S.).
- Harhoff, Dietmar & Körting, Timm, 1998.
"Lending Relationships in Germany: Empirical Results from Survey Data,"
CEPR Discussion Papers
1917, C.E.P.R. Discussion Papers.
- Dietmar Harhoff & Timm Körting, 1998. "Lending Relationships in Germany: Empirical Results from Survey Data," CIG Working Papers FS IV 98-06, Wissenschaftszentrum Berlin (WZB), Research Unit: Competition and Innovation (CIG).
- Beck, Thorsten & Demirgüç-Kunt, Asli & Maksimovic, Vojislav, 2008.
"Financing patterns around the world: Are small firms different?,"
Journal of Financial Economics, Elsevier, vol. 89(3), pages 467-487, September.
- Beck, T.H.L. & Demirgüc-Kunt, A. & Maksimovic, V., 2008. "Financing patterns around the world : Are small firms different?," Other publications TiSEM 7078f1cc-51a6-4556-b193-d, Tilburg University, School of Economics and Management.
- Boot, Arnoud W A & Thakor, Anjan V, 1994. "Moral Hazard and Secured Lending in an Infinitely Repeated Credit Market Game," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 35(4), pages 899-920, November.
- Nishant Dass & Massimo Massa, 2011. "The Impact of a Strong Bank-Firm Relationship on the Borrowing Firm," The Review of Financial Studies, Society for Financial Studies, vol. 24(4), pages 1204-1260.
- Boot, Arnoud W. A., 2000. "Relationship Banking: What Do We Know?," Journal of Financial Intermediation, Elsevier, vol. 9(1), pages 7-25, January.
- Chan, Yuk-Shee & Kanatas, George, 1985. "Asymmetric Valuations and the Role of Collateral in Loan Agreements," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 17(1), pages 84-95, February.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Panagiota Papadimitri & Fotios Pasiouras & Menelaos Tasiou, 2019. "Culture and collateral requirements: Evidence from developing countries," Working Papers in Economics & Finance 2019-04, University of Portsmouth, Portsmouth Business School, Economics and Finance Subject Group.
- Panagiota Papadimitri & Fotios Pasiouras & Menelaos Tasiou, 2021. "Do National Differences in Social Capital and Corporate Ethical Behaviour Perceptions Influence the Use of Collateral? Cross-Country Evidence," Journal of Business Ethics, Springer, vol. 172(4), pages 765-784, September.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Kislat, Carmen & Menkhoff, Lukas & Neuberger, Doris, 2013.
"The use of collateral in formal and informal lending,"
VfS Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order
79765, Verein für Socialpolitik / German Economic Association.
- Kislat, Carmen & Menkhoff, Lukas & Neuberger, Doris, 2013. "The use of collateral in formal and informal lending," Kiel Working Papers 1879, Kiel Institute for the World Economy (IfW Kiel).
- Elmas Yaldiz Hanedar & Eleonora Broccardo & Flavio Bazzana, 2012. "Collateral Requirements of SMEs:The Evidence from Less–Developed Countries," Centro Studi di Banca e Finanza (CEFIN) (Center for Studies in Banking and Finance) 0034, Universita di Modena e Reggio Emilia, Dipartimento di Economia "Marco Biagi".
- Yaldız Hanedar, Elmas & Broccardo, Eleonora & Bazzana, Flavio, 2014.
"Collateral requirements of SMEs: The evidence from less-developed countries,"
Journal of Banking & Finance,
Elsevier, vol. 38(C), pages 106-121.
- Elmas Yaldiz Hanedar & Eleonora Broccardo & Flavio Bazzana, 2012. "Collateral Requirements of SMEs:The Evidence from Less–Developed Countries," Centro Studi di Banca e Finanza (CEFIN) (Center for Studies in Banking and Finance) 12111, Universita di Modena e Reggio Emilia, Dipartimento di Economia "Marco Biagi".
- Chala, Alemu Tulu & Forssbaeck, Jens, 2018. "Does Collateral Reduce Loan-Size Credit Rationing? Survey Evidence," Working Papers 2018:36, Lund University, Department of Economics.
- Menkhoff, Lukas & Neuberger, Doris & Rungruxsirivorn, Ornsiri, 2012.
"Collateral and its substitutes in emerging markets’ lending,"
Journal of Banking & Finance, Elsevier, vol. 36(3), pages 817-834.
- Lukas Menkhoff & Doris Neuberger & Ornsiri Rungruxsirivorn, 2011. "Collateral and its Substitutes in Emerging Markets' Lending," CESifo Working Paper Series 3585, CESifo.
- Dias Duarte, Fábio & Matias Gama, Ana Paula & Paulo Esperança, José, 2017. "Collateral-based in SME lending: The role of business collateral and personal collateral in less-developed countries," Research in International Business and Finance, Elsevier, vol. 39(PA), pages 406-422.
- Berger, Allen N. & Espinosa-Vega, Marco A. & Frame, W. Scott & Miller, Nathan H., 2011.
"Why do borrowers pledge collateral? New empirical evidence on the role of asymmetric information,"
Journal of Financial Intermediation, Elsevier, vol. 20(1), pages 55-70, January.
- Allen N. Berger & Marco A. Espinosa-Vega & W. Scott Frame & Nathan H. Miller, 2007. "Why do borrowers pledge collateral? new empirical evidence on the role of asymmetric information," FRB Atlanta Working Paper 2006-29, Federal Reserve Bank of Atlanta.
- Andrea Bellucci & Alexander Borisov & Germana Giombini & Alberto Zazzaro, 2015.
"Collateral and Local Lending: Testing the Lender-Based Theory,"
IAW Discussion Papers
119, Institut für Angewandte Wirtschaftsforschung (IAW).
- Bellucci, Andrea & Borisov, Alexander & Giombini, Germana & Zazzaro, Alberto, 2015. "Collateral and Local Lending: Testing the Lender-Based Theory," HIT-REFINED Working Paper Series 21, Institute of Economic Research, Hitotsubashi University.
- Andrea Bellucci & Alexander Borisov & Germana Giombini & Alberto Zazzaro, 2015. "Collateral and Local Lending: Testing the Lender-Based Theory," CSEF Working Papers 401, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
- Andrea Bellucci & Alexander Borisov & Germana Giombini & Alberto Zazzaro, 2015. "Collateral and Local Lending: Testing the Lender-Based Theory," Mo.Fi.R. Working Papers 106, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
- Berger, Allen N. & Scott Frame, W. & Ioannidou, Vasso, 2011.
"Tests of ex ante versus ex post theories of collateral using private and public information,"
Journal of Financial Economics, Elsevier, vol. 100(1), pages 85-97, April.
- Allen N. Berger & W. Scott Frame & Vasso P. Ioannidou, 2010. "Tests of ex ante versus ex post theories of collateral using private and public information," FRB Atlanta Working Paper 2010-06, Federal Reserve Bank of Atlanta.
- Berger, A.N. & Frame, W.S. & Ioannidou, V., 2010. "Tests of Ex Ante Versus Ex Post Theories of Collateral Using Private and Public Information," Other publications TiSEM e10f40a9-f323-4985-a513-9, Tilburg University, School of Economics and Management.
- Berger, A.N. & Frame, W.S. & Ioannidou, V., 2010. "Tests of Ex Ante Versus Ex Post Theories of Collateral Using Private and Public Information," Discussion Paper 2010-13, Tilburg University, Center for Economic Research.
- Berger, A.N. & Frame, W.S. & Ioannidou, V., 2010. "Tests of Ex Ante Versus Ex Post Theories of Collateral Using Private and Public Information," Other publications TiSEM 23a65c0b-9283-466b-ae01-b, Tilburg University, School of Economics and Management.
- Bing Xu & Honglin Wang & Adrian Van Rixtel, 2015.
"Do banks extract informational rents through collateral?,"
BIS Working Papers
522, Bank for International Settlements.
- Bing Xu & Honglin Wang & Adrian van Rixtel, 2016. "Do banks extract informational rents through collateral?," Working Papers 012016, Hong Kong Institute for Monetary Research.
- Bing Xu & Adrian van Rixtel & Honglin Wang, 2016. "Do banks extract informational rents through collateral?," Working Papers 1616, Banco de España.
- Ashiqur Rahman & Jaroslav Belas & Tomas Kliestik & Ladislav Tyll, 2017. "Collateral requirements for SME loans: empirical evidence from the Visegrad countries," Journal of Business Economics and Management, Taylor & Francis Journals, vol. 18(4), pages 650-675, July.
- Tensie Steijvers & Wim Voordeckers & Koen Vanhoof, 2010. "Collateral, relationship lending and family firms," Small Business Economics, Springer, vol. 34(3), pages 243-259, April.
- Xu, Bing & Wang, Honglin & Rixtel, Adrian van, 2016. "Do banks extract informational rents through collateral?," BOFIT Discussion Papers 5/2016, Bank of Finland Institute for Emerging Economies (BOFIT).
- Bing Xu & Honglin Wang & Adrian Van Rixtel, 2015.
"Do banks extract informational rents through collateral?,"
BIS Working Papers
522, Bank for International Settlements.
- Xu, Bing & Wang, Honglin & Rixtel, Adrian van, 2016. "Do banks extract informational rents through collateral?," BOFIT Discussion Papers 5/2016, Bank of Finland, Institute for Economies in Transition.
- Bing Xu & Adrian van Rixtel & Honglin Wang, 2016. "Do banks extract informational rents through collateral?," Working Papers 1616, Banco de España.
- Bing Xu & Honglin Wang & Adrian van Rixtel, 2016. "Do banks extract informational rents through collateral?," Working Papers 012016, Hong Kong Institute for Monetary Research.
- repec:zbw:bofitp:2016_005 is not listed on IDEAS
- Bellucci, Andrea & Borisov, Alexander & Giombini, Germana & Zazzaro, Alberto, 2019. "Collateralization and distance," Journal of Banking & Finance, Elsevier, vol. 100(C), pages 205-217.
- Menkhoff, Lukas & Neuberger, Doris & Suwanaporn, Chodechai, 2006.
"Collateral-based lending in emerging markets: Evidence from Thailand,"
Journal of Banking & Finance, Elsevier, vol. 30(1), pages 1-21, January.
- Lukas Menkhoff & Doris Neuberger & Chodechai Suwanaporn, 2005. "Collateral-Based Lending in Emerging Markets: Evidence from Thailand," Finance 0501008, University Library of Munich, Germany.
- Leonardo Becchetti & Melody Garcia, 2008. "Do collateral theories work in social banking ?," CEIS Research Paper 131, Tor Vergata University, CEIS, revised 07 Nov 2008.
- Kano, Masaji & Uchida, Hirofumi & Udell, Gregory F. & Watanabe, Wako, 2011.
"Information verifiability, bank organization, bank competition and bank-borrower relationships,"
Journal of Banking & Finance, Elsevier, vol. 35(4), pages 935-954, April.
- Masaji Kano & Hirofumi Uchida & Gregory F. Udell & Wako Watanabe, 2006. "Information Verifiability, Bank Organization, Bank Competition and Bank-Borrower Relationships," Discussion papers 06003, Research Institute of Economy, Trade and Industry (RIETI).
- Dieler, Tobias & Zhai, Wei, 2024. "Pledgeability and bank lending technology," Journal of Corporate Finance, Elsevier, vol. 88(C).
- Tensie Steijvers & Wim Voordeckers, 2009. "Collateral And Credit Rationing: A Review Of Recent Empirical Studies As A Guide For Future Research," Journal of Economic Surveys, Wiley Blackwell, vol. 23(5), pages 924-946, December.
More about this item
Keywords
Collateralization; Relationship lending; Adverse selection; Moral hazard; Soft information;All these keywords.
JEL classification:
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
- E41 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Demand for Money
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:riibaf:v:42:y:2017:i:c:p:922-938. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/ribaf .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.