An important theoretical literature motivates collateral as a mechanism that mitigates adverse selection, credit … incidence of collateral. We exploit exogenous variation in lender information related to the adoption of an information … technology that reduces ex ante private information, and compare collateral outcomes before and after adoption. Our results are …

Collateral is a widely used, but not well understood, debt-contracting feature. Two broad strands of theoretical … literature explain collateral as arising from the existence of either ex ante private information or ex post incentive problems … ex post theories of collateral are empirically dominant although the ex ante theories are also valid for customers with …

privatization is useful as well as profitable for an economy and empirically present the extent of privatization in Austria and … other European Union countries. In order to assess the impact of privatization in Austria on economic performance, we …

Labor force participation rates of mothers in Austria and Germany are similar, however full-time employment rates are … joint taxation with income splitting for married couples, Austria taxes everyone individually, which leads to lower marginal …

, Austria, Czechia, Hungary, Slovakia and Slovenia, whose economic structure is characterized by strong export orientation. We … programmes through development banks, tax/security payment deferrals) though with varying weight and scope. Only in Austria and …

Does a country's ability to enforce debt contracts affect the sensitivity of economic activity to collateral values? To … assets are transfered to alternative uses - as a proxy for collateral liquidation values. Our measure exploits the ….S. industries. Using a cross-industry cross-country approach, we find that industry size and growth are more sensitive to collateral …