tend not to face higher interest rates because they provide collateral. This paper illustrates these effects in a model and … entrepreneurship. -- personal bankruptcy law ; insolvency ; entrepreneurship ; fresh start …

the U.S. We then establish the quantitative result that home equity does not serve as informal collateral for unsecured … and price of unsecured debt. -- household debt portfolios ; housing ; collateral ; bankruptcy ; commitment ; income risk …

framework of firms' investment with credit rationing and real estate collateral. We show that real estate prices affect firms …

We study the effects of liquidity constraints and start-up costs on the relationship between wealth and the fraction of … function of individual wealth while the introduction of start-up costs tends to flatten this relationship. The theoretical … business start-up costs. We use three highly comparable micro datasets (SHARE, ELSA and HRS) providing harmonized data on …

that can be used as collateral. This paper presents a model where firm creation and growth hinge on matching potential … entrepreneurs with productive technologies, while firm growth depends on acquired capital. The shortage of collateral creates a ….g., the depth of credit information and the strength of legal rights pertaining to collateral and bankruptcy) would stimulate …

This paper studies the effects of private real estate collateral on entrepreneurial lending and entrepreneurial … activity in the Netherlands. The residential collateral channel is especially relevant for sole-proprietors who own a business …

a collateral constraint. Over a specific range of debt levels this liquidity feedback effect is strong enough to give …