The main objective of this paper is to investigate the determinants of collateral requirements on loans that are extended to small and medium enterprises (SMEs) in less–developed countries. Our primary data source is the Business Environment and Enterprise Performance Survey (BEEPS) results from Eastern European and Central Asian countries. We observe that country–specific variables are more important than firm–specific variables for determining both the presence of collateral in loan contracts and the collateral to loan value ratios of these contracts. The strongest evidence in our paper addresses the important role that information sharing among lenders plays in the reduction of collateral requirements.
Yaldiz Hanedar, E., E., Broccardo, F., Bazzana, G., Marotta e G. non è autore, Marotta. "Collateral Requirements of SMEs: The Evidence from Less–Developed Countries" Working paper, CEFIN WORKING PAPERS, Dipartimento di Economia Marco Biagi - Università di Modena e Reggio Emilia, 2012. https://doi.org/10.25431/11380_1197562
Collateral Requirements of SMEs: The Evidence from Less–Developed Countries
Marotta, G.;
2012
Abstract
The main objective of this paper is to investigate the determinants of collateral requirements on loans that are extended to small and medium enterprises (SMEs) in less–developed countries. Our primary data source is the Business Environment and Enterprise Performance Survey (BEEPS) results from Eastern European and Central Asian countries. We observe that country–specific variables are more important than firm–specific variables for determining both the presence of collateral in loan contracts and the collateral to loan value ratios of these contracts. The strongest evidence in our paper addresses the important role that information sharing among lenders plays in the reduction of collateral requirements.File | Dimensione | Formato | |
---|---|---|---|
CEFIN-WP34.pdf
Open access
Tipologia:
Versione pubblicata dall'editore
Dimensione
278.82 kB
Formato
Adobe PDF
|
278.82 kB | Adobe PDF | Visualizza/Apri |
Pubblicazioni consigliate
I metadati presenti in IRIS UNIMORE sono rilasciati con licenza Creative Commons CC0 1.0 Universal, mentre i file delle pubblicazioni sono rilasciati con licenza Attribuzione 4.0 Internazionale (CC BY 4.0), salvo diversa indicazione.
In caso di violazione di copyright, contattare Supporto Iris