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La 4e de couverture indique : "Il n'existe pas de débiteur sous procédure collective sans un créancier ayant la qualité d'établissement de crédit? Le risque de défaillance d'entreprise est l'un des plus importants pour le secteur bancaire, confronté à gérer d'innombrables dossiers de...
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This paper shows that collateral constraints restrict firm entry and post-entry growth, even in the long-run. We use … collateral available to homeowners. We control for local demand shocks by comparing homeowners to two control groups that live in … the same region but do not experience collateral shocks: (i) renters and (ii) homeowners with a mortgage outstanding, who …
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