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.
2012
Novembre
Yaldiz Hanedar, E.; Broccardo, E.; Bazzana, F.; Marotta, G.; Marotta, G. non è autore
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
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11380/1197562
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