Collateral Registries for Movable Assets: Does Their Introduction Spur Firms’ Access to Bank Financing?

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• 作者：Inessa Love ; María Soledad Martinez Pería…
• 关键词：Movable collateral ; Access to bank financing ; JEL Clasification ; K20 ; G21 ; G30
• 刊名：Journal of Financial Services Research
• 出版年：2016
• 出版时间：February 2016
• 年：2016
• 卷：49
• 期：1
• 页码：1-37
• 全文大小：472 KB
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• 作者单位：Inessa Love (1)
  María Soledad Martinez Pería (2)
  Sandeep Singh (2)
  
  1. University of Hawaii, Honolulu, HI, USA
  2. The World Bank MSN MC 3-307, 1818 H St., N.W., Washington, D.C., 20433, USA
  
• 刊物类别：Business and Economics
• 刊物主题：Economics
  Finance and Banking
  Macroeconomics and Monetary Economics
  
• 出版者：Springer Netherlands
• ISSN：1573-0735

文摘

We use firm-level data to explore the impact of the introduction of collateral registries for movable assets on firms’ access to bank financing. We compare the firms’ access to financing in seven countries before and after they introduce these registries to the firms in three control groups: the countries that do not introduce registries, the countries matched by location and income to those that establish these registries, and the countries that undertake reforms to their legal frameworks for collateral. Overall, we find that the introduction of these registries increases the firms’ access to financing, particularly for smaller and younger firms. Keywords Movable collateral Access to bank financing