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The Loan Market, Collateral, and Rates of Interest

Citations

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Cited by:

  1. Raff, Horst & Ryan, Michael & Stähler, Frank, 2018. "Financial frictions and foreign direct investment: Evidence from Japanese microdata," Journal of International Economics, Elsevier, vol. 112(C), pages 109-122.
  2. Wang, Ren & Hou, Jie & He, Xiaobei, 2017. "Real estate price and heterogeneous investment behavior in China," Economic Modelling, Elsevier, vol. 60(C), pages 271-280.
  3. Thomas Chaney & David Sraer & David Thesmar, 2012. "The Collateral Channel: How Real Estate Shocks Affect Corporate Investment," American Economic Review, American Economic Association, vol. 102(6), pages 2381-2409, October.
  4. Chen, Pu & Wang, Chunyang & Liu, Yangyan, 2015. "Real estate prices and firm borrowings: Micro evidence from China," China Economic Review, Elsevier, vol. 36(C), pages 296-308.
  5. Karolis Bielskis, 2024. "Homeownership status and its effect for housing wealth - consumption channel in Europe," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 48(3), pages 668-684, September.
  6. 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.
  7. repec:bla:scotjp:v:49:y:2002:i:2:p:162-95 is not listed on IDEAS
  8. Chirinko, Robert S., 1997. "Finance Constraints, Liquidity, and Investment Spending: Theoretical Restrictions and International Evidence," Journal of the Japanese and International Economies, Elsevier, vol. 11(2), pages 185-207, June.
  9. Engler, Philipp & Große Steffen, Christoph, 2016. "Sovereign risk, interbank freezes, and aggregate fluctuations," European Economic Review, Elsevier, vol. 87(C), pages 34-61.
  10. Kuhn, M.E. & Darroch, Mark A.G. & Ortmann, Gerald F., 1997. "Efficacy of collateral types used by financial intermediaries in KwaZulu-Natal," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 36(4), pages 1-13, December.
  11. Raff, Horst & Ryan, Michael & Stähler, Frank, 2015. "Financial frictions and foreign direct investment: Theory and evidence from Japanese microdata," Kiel Working Papers 1992, Kiel Institute for the World Economy (IfW Kiel).
  12. Sengupta, Rajdeep, 2007. "Foreign entry and bank competition," Journal of Financial Economics, Elsevier, vol. 84(2), pages 502-528, May.
  13. Besedeš, Tibor & Kim, Byung-Cheol & Lugovskyy, Volodymyr, 2014. "Export growth and credit constraints," European Economic Review, Elsevier, vol. 70(C), pages 350-370.
  14. David Nickerson & Robert Jones, 2017. "Collateral Risk and Demographic Discrimination in Mortgage Market Equilibria," Review of Economics & Finance, Better Advances Press, Canada, vol. 9, pages 13-28, August.
  15. Gregory Elliehausen, 2006. "Consumers' Use of High-Price Credit Products: Do They Know What They Are Doing?," NFI Working Papers 2006-WP-02, Indiana State University, Scott College of Business, Networks Financial Institute.
  16. Bodenhorn, Howard, 2003. "Short-Term Loans and Long-Term Relationships: Relationship Lending in Early America," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 35(4), pages 485-505, August.
  17. Timo Fischer & Gaétan de Rassenfosse, 2011. "Debt Financing of High-growth Startups," DRUID Working Papers 11-04, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies.
  18. Joseph Atta-Mensah, 2003. "Collateral and Credit Supply," Staff Working Papers 03-11, Bank of Canada.
  19. Gerhard Clemenz & Mona Ritthaler, 1992. "Credit markets with asymmetric information : a survey," Finnish Economic Papers, Finnish Economic Association, vol. 5(1), pages 12-26, Spring.
  20. Bellucci, Andrea & Borisov, Alexander & Zazzaro, Alberto, 2013. "Do banks price discriminate spatially? Evidence from small business lending in local credit markets," Journal of Banking & Finance, Elsevier, vol. 37(11), pages 4183-4197.
  21. Marc Cowling & Roger Sugden, 1995. "Small Firm Lending Contracts: Do Banks Differentiate between Firms?," Journal of Entrepreneurial Finance, Pepperdine University, Graziadio School of Business and Management, vol. 4(1), pages 87-98, Spring.
  22. Morten L. Bech & Elizabeth C. Klee & Viktors Stebunovs, 2012. "Arbitrage, liquidity and exit: the repo and federal funds markets before, during, and emerging from the financial crisis," Finance and Economics Discussion Series 2012-21, Board of Governors of the Federal Reserve System (U.S.).
  23. Busetta, Giovanni & Presbitero, Andrea F., 2008. "Confidi, Piccole Imprese E Banche: Un'Analisi Empirica [Mutual Loan-Guarantee Societies, Small Firms and Banks: An Empirical Investigation]," MPRA Paper 7832, University Library of Munich, Germany.
  24. Pender, John L., 1996. "Discount rates and credit markets: Theory and evidence from rural india," Journal of Development Economics, Elsevier, vol. 50(2), pages 257-296, August.
  25. Greg Shailer & Mark Wilson, 2003. "A Revised Lesson for Accounting Measurement from Transaction Cost Economics," Australian Accounting Review, CPA Australia, vol. 13(29), pages 66-72, March.
  26. Scheepens, J.P.J.F., 1993. "Bankruptcy litigation and optimal debt contracts," Other publications TiSEM 64e785e4-4101-4604-a392-3, Tilburg University, School of Economics and Management.
  27. Mel Jameson & James D. Shilling & C. F. Sirmans, 1990. "Regional Variation Of Mortgage Yields And Simultaneity Bias," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 13(3), pages 211-219, September.
  28. Arturo Galindo, 2001. "Creditor Rights and the Credit Market: Where Do We Stand?," Research Department Publications 4259, Inter-American Development Bank, Research Department.
  29. Giuseppe Coco & David De Meza, 2009. "In Defense of Usury Laws," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 41(8), pages 1691-1703, December.
  30. Shpak, Solomiya & Earle, John S. & Gehlbach, Scott & Panga, Mariia, 2023. "Damaged collateral and firm-level finance: Evidence from Russia’s war in Ukraine," Journal of Comparative Economics, Elsevier, vol. 51(4), pages 1334-1343.
  31. Subramanian, Arjunan & Kumar, Parmod, 2024. "Property rights, factor allocation and household welfare: Experimental evidence from a land titling program in India," Journal of Development Economics, Elsevier, vol. 167(C).
  32. Puri, Manju & Rocholl, Jörg & Steffen, Sascha, 2017. "What do a million observations have to say about loan defaults? Opening the black box of relationships," Journal of Financial Intermediation, Elsevier, vol. 31(C), pages 1-15.
  33. Mao, Yifei, 2021. "Managing innovation: The role of collateral," Journal of Accounting and Economics, Elsevier, vol. 72(1).
  34. Leonardo Becchetti & Melody Garcia, 2008. "Do collateral theories work in social banking ?," CEIS Research Paper 131, Tor Vergata University, CEIS, revised 07 Nov 2008.
  35. Rajeev, Meenakshi & Vani, B.P., 2014. "Uncertainty, risk and risk mitigation: Field experiences from farm sector in Karnataka," Working Papers 320, Institute for Social and Economic Change, Bangalore.
  36. Ricardo Lagos & Shengxing Zhang, 2019. "On Money as a Medium of Exchange in Near-Cashless Credit Economies," NBER Working Papers 25803, National Bureau of Economic Research, Inc.
  37. Rong, Zhao & Zhang, Fuxin & Chen, Shi, 2023. "Short-term loans and Firms' high-quality innovation: Evidence from the access to patent-backed loans in China," China Economic Review, Elsevier, vol. 78(C).
  38. Dong Cheng & Yong Tan & Jian Yu, 2021. "Credit rationing and firm exports: Microeconomic evidence from small and medium‐sized enterprises in China," The World Economy, Wiley Blackwell, vol. 44(1), pages 286-311, January.
  39. Jeffrey Lacker, 2001. "Collateralized Debt as the Optimal Contract," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 4(4), pages 842-859, October.
  40. William G. Gale, 1990. "Collateral, Rationing, and Government Intervention in Credit Markets," NBER Chapters, in: Asymmetric Information, Corporate Finance, and Investment, pages 43-62, National Bureau of Economic Research, Inc.
  41. Jeffrey M. Lacker, 1991. "Why is there debt?," Economic Review, Federal Reserve Bank of Richmond, vol. 77(Jul), pages 3-19.
  42. Martin Dòzsa & Karel Janda, 2015. "Corporate asset pricing models and debt contracts," CAMA Working Papers 2015-33, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
  43. Artavanis, Nikolaos & Spyridopoulos, Ioannis, 2023. "Determinants of strategic behavior: Evidence from a foreclosure moratorium," Journal of Financial Intermediation, Elsevier, vol. 56(C).
  44. Rishabh, Kumar, 2021. "Bank as a Venture Capitalist," Working papers 2021/09, Faculty of Business and Economics - University of Basel.
  45. repec:hal:spmain:info:hdl:2441/75koqefued8i7pihbrl9u84p4u is not listed on IDEAS
  46. Meenakshi Rajeev & Manojit Bhattacharjee & B P Vani, 2015. "Crop Insurance and Risk Mitigation: Experiences from India," ICDD Working Papers 15, University of Kassel, Fachbereich Gesellschaftswissenschaften (Social Sciences), Internatioanl Center for Development and Decent Work (ICDD).
  47. William P. Osterberg, 1992. "Debt, collateral, and U.S. manufacturing investment: 1954-1980," Working Papers (Old Series) 9210, Federal Reserve Bank of Cleveland.
  48. K.P. Krishnan & Venkatesh Panchapagesan & Madalasa Venkataraman, 2016. "Distortions in land markets and their implications to credit generation in India," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2016-005, Indira Gandhi Institute of Development Research, Mumbai, India.
  49. Einar C. Kjenstad & Anil Kumar, 2022. "The effect of real estate prices on peer firms," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 50(4), pages 1022-1053, December.
  50. Xueying Zhang & Shansheng Gao & Jian Jiao, 2018. "Moral Hazard Effects of Corporate Bond Guarantee Purchases: Empirical Evidence from China," Journal of Economics and Behavioral Studies, AMH International, vol. 10(5), pages 100-115.
  51. Langer, Thomas & Waller, Peter, 1997. "Implementing behavioral concepts into banking theory : the impact of loss acersion on collateralization," Papers 97-33, Sonderforschungsbreich 504.
  52. Jauling Tseng, 2021. "How do finance companies' advantages affect competitive strategies in short‐ and intermediate‐term loan markets? A theoretical analysis," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(3), pages 4295-4302, July.
  53. Busetta, Giovanni & Zazzaro, Alberto, 2012. "Mutual loan-guarantee societies in monopolistic credit markets with adverse selection," Journal of Financial Stability, Elsevier, vol. 8(1), pages 15-24.
  54. Ryan Niladri Banerjee & Kristian S Blickle, 2016. "Housing collateral and small firm activity in Europe," BIS Working Papers 575, Bank for International Settlements.
  55. Dan Cao & Roger Lagunoff, 2016. "The Design of Optimal Collateralized Contracts," Working Papers gueconwpa~16-16-01, Georgetown University, Department of Economics, revised 01 Jun 2017.
  56. K.P. Krishnan & Venkatesh Panchapagesan & Madalasa Venkataraman, 2016. "Distortions in Land Markets and their Implications to Credit Generation in India," Working Papers id:10562, eSocialSciences.
  57. Rong, Zhao & Leng, Fei & Ma, Jun & Ni, Jinlan, 2024. "Real estate depreciation and cash policy for innovative firms," International Review of Financial Analysis, Elsevier, vol. 95(PB).
  58. Banerjee, Ryan & Blickle, Kristian, 2021. "Financial frictions, real estate collateral and small firm activity in Europe," European Economic Review, Elsevier, vol. 138(C).
  59. S. Viswanathan & Adriano A. Rampini, 2008. "Collateral, Financial Intermediation, and the Distribution of Debt Capacity," 2008 Meeting Papers 116, Society for Economic Dynamics.
  60. Alberto Franco Pozzolo, 2004. "The role of guarantees in bank lending," Temi di discussione (Economic working papers) 528, Bank of Italy, Economic Research and International Relations Area.
  61. Ekpeyong, Paul, 2023. "Analysis of cashless economy, demand for money and price determination : A possibility for implementation in Nigeria," MPRA Paper 117823, University Library of Munich, Germany.
  62. Ranjeet Singh & Yogesh Chauhan & Nemiraja Jadiyappa, 2023. "Does an effective bankruptcy reform increases collateralized borrowing? Evidence from a quasi-natural experiment in India," Journal of Regulatory Economics, Springer, vol. 63(1), pages 74-86, April.
  63. Zhang, Li & Xu, Xianxiang, 2016. "Land Policy and Urbanization in the People’s Republic of China," ADBI Working Papers 614, Asian Development Bank Institute.
  64. Scheepens, Joris P. J. F., 1995. "Bankruptcy litigation and optimal debt contracts," European Journal of Political Economy, Elsevier, vol. 11(3), pages 535-556, September.
  65. Ravn, Søren Hove, 2016. "Endogenous credit standards and aggregate fluctuations," Journal of Economic Dynamics and Control, Elsevier, vol. 69(C), pages 89-111.
  66. Byamugisha, Frank F.K., 1999. "The effects of land registration on financial development and economic growth - a theoretical and conceptual framework," Policy Research Working Paper Series 2240, The World Bank.
  67. Zhang, Shengxing & Lagos, Ricardo, 2019. "The Limits of onetary Economics: On Money as a Medium of Exchange in Near-Cashless Credit Economies," CEPR Discussion Papers 14057, C.E.P.R. Discussion Papers.
  68. Arturo Galindo, 2001. "Derechos de los acreedores y el mercado crediticio ¿Cuál es la situación actual?," Research Department Publications 4260, Inter-American Development Bank, Research Department.
  69. Atwood, Joseph A. & Buschena, David E., 2003. "Evaluating the magnitudes of financial transactions costs on risk behavior," Agricultural Systems, Elsevier, vol. 75(2-3), pages 235-249.
  70. Jie Deng & Jingjing Yang, 2020. "The effect of corporate real estate ownership on R&D innovation: credit relief vs. resource replacement in China," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 34(1), pages 44-62, May.
  71. Cheng, Dong & Tan, Yong & Yu, Jian, 2017. "Credit Rationing and Firm Exports: Micro Evidence from SMEs in China," MPRA Paper 81914, University Library of Munich, Germany.
  72. Cecil R. Dipchand & Gordon S. Roberts & Jerry A. Viscione, 1982. "Agency Costs And Captive Finance Subsidiaries In Canada," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 5(2), pages 189-199, June.
  73. Lucia Dunn & Shubhasis Dey, 2004. "An Empirical Investigation of Collateral and Sorting in the HELOC Market," Working Papers 04-07, Ohio State University, Department of Economics.
  74. Sengupta, Rajdeep, 2014. "Lending to uncreditworthy borrowers," Journal of Financial Intermediation, Elsevier, vol. 23(1), pages 101-128.
  75. Tseng, Jauling, 1996. "Farmer-borrowers' selection of short- and intermediate-term loan contracts: traditional lenders versus nontraditional lenders," ISU General Staff Papers 1996010108000012129, Iowa State University, Department of Economics.
  76. Pankaj C. Patel & John A. Pearce II, 2020. "Franchisees and Loan Default on Third-Party Guarantee Loans: Evidence From the United States," Entrepreneurship Theory and Practice, , vol. 44(5), pages 861-877, September.
  77. Li, Tongxia & Lu, Chun & Chen, Zhihua, 2023. "The unintended consequence of collateral-based financing: Evidence from corporate cost behavior," Journal of Contemporary Accounting and Economics, Elsevier, vol. 19(1).
  78. Yu Awaya & Hiroki Fukai & Makoto Watanabe, 2021. "A Model Of Collateral: Endogenizing The Borrowing Constraint," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 62(3), pages 1131-1151, August.
  79. Homburg, Stefan, 2017. "A Study in Monetary Macroeconomics," OUP Catalogue, Oxford University Press, number 9780198807537.
  80. Wang, Yu-Lin, 2010. "Does collateral cause inefficient resource allocation?," Journal of Economics and Business, Elsevier, vol. 62(3), pages 220-233, May.
  81. Huang, Jialin & Rong, Zhao, 2017. "Housing boom, real estate diversification, and capital structure: Evidence from China," Emerging Markets Review, Elsevier, vol. 32(C), pages 74-95.
  82. Andreas Dietrich, 2012. "Explaining loan rate differentials between small and large companies: evidence from Switzerland," Small Business Economics, Springer, vol. 38(4), pages 481-494, May.
  83. Yeujun Yoon & Yu Li & Yan Feng, 2019. "Factors affecting platform default risk in online peer-to-peer (P2P) lending business: an empirical study using Chinese online P2P platform data," Electronic Commerce Research, Springer, vol. 19(1), pages 131-158, March.
  84. repec:spo:wpmain:info:hdl:2441/75koqefued8i7pihbrl9u84p4u is not listed on IDEAS
  85. Wan, Junmin, 2018. "Prevention and landing of bubble," International Review of Economics & Finance, Elsevier, vol. 56(C), pages 190-204.
  86. Wu, Yan & Heerink, Nico & Yu, Linhui, 2024. "Beyond the collateral channel: Real estate prices and manufacturing firm investment in China," International Review of Economics & Finance, Elsevier, vol. 94(C).
  87. Leonardo Becchetti & Melody Garcia & Giovanni Trovato, 2009. "Credit rationing and credit view: empirical evidence from loan data," CEIS Research Paper 144, Tor Vergata University, CEIS, revised 30 Sep 2009.
  88. Parlatore, Cecilia, 2019. "Collateralizing liquidity," Journal of Financial Economics, Elsevier, vol. 131(2), pages 299-322.
  89. Jing Wu & Joseph Gyourko & Yongheng Deng, 2013. "Is There Evidence of a Real Estate Collateral Channel Effect on Listed Firm Investment in China?," NBER Working Papers 18762, National Bureau of Economic Research, Inc.
  90. Große Steffen, Christoph, 2015. "Uncertainty shocks and non-fundamental debt crises: An ambiguity approach," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 112936, Verein für Socialpolitik / German Economic Association.
  91. Tao Chen & Jarrad Harford & Chen Lin, 2017. "Financial Flexibility and Corporate Cash PolicyAbstract: Debt capacity creates financial flexibility and collateral-based debt capacity is the least sensitive to cash flow shocks. Using variation in r," Working Papers 052017, Hong Kong Institute for Monetary Research.
  92. Beladi, Hamid & Deng, Jie & Hu, May, 2021. "Cross-border investment and corporate innovation: Evidence from the Chinese market," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 75(C).
  93. Aoife Hanley & Sourafel Girma, 2006. "New Ventures and their Credit Terms," Small Business Economics, Springer, vol. 26(4), pages 351-364, May.
  94. Timur Kuran & Jared Rubin, 2014. "The Financial Power of the Powerless: Socio-Economic Status and Interest Rates under Partial Rule of Law," Working Papers 14-22, Chapman University, Economic Science Institute.
  95. Wu, Jing & Gyourko, Joseph & Deng, Yongheng, 2015. "Real estate collateral value and investment: The case of China," Journal of Urban Economics, Elsevier, vol. 86(C), pages 43-53.
  96. Scheepens, J.P.J.F., 1993. "Bankruptcy litigation and optimal debt contracts," Discussion Paper 1993-27, Tilburg University, Center for Economic Research.
  97. Alimov, Azizjon, 2016. "Product market effects of real estate collateral," Journal of Corporate Finance, Elsevier, vol. 36(C), pages 75-92.
  98. Rong, Zhao & Wang, Wenchun & Gong, Qiang, 2016. "Housing price appreciation, investment opportunity, and firm innovation: Evidence from China," Journal of Housing Economics, Elsevier, vol. 33(C), pages 34-58.
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