of ITEM and B2BEC benefits; and (2) the impact of organizational characteristics (e.g. organizational IT maturity and IT … organizational IT maturity has a direct and significant impact on the adoption of ITEM; (b) the adoption of ITEM has a positive …

endogenous liquidity crises and maturity mismatches due to fi nancial underdevelopment. I use the model to analyse the impact of … IMF lending during debt crises on the sovereign’s optimal maturity structure. Within the model, although IMF assistance is … varios vencimientos en el que existen crisis de liquidez endógenas y desbalances de vencimientos (maturity mismatches …

could miss its appropriate settings by as much as 4% p.a. Also, shocks to banking productivity or collateral effectiveness …

provide collateral or a guarantor. …

firms of unobserved credit quality when firms pledge collateral to secure the loans. Loan data from the Spanish Credit … concentration (which is shown to be positively correlated with market power) and with the availability of collateral, although the … increase with the availability of collateral, but the increase is lower for banks operating in more concentrated credit markets …

the recent lender based theory of collateral (Inderst and Mueller (2007)). We find that, for the average borrower, the use … grants a loan and the location of the borrower) on the use of collateral for business loans by Spanish banks on the basis of … of collateral is higher for loans granted by local lenders than by distant ones. We also show that the difference in the …

collateral is one of the defining characteristics of loan contracts. This paper investigates if relationship lending and market … concentration allow for informational rent extraction through collateral. We use equity IPO data as informational shocks that erode … rentseeking opportunities. Using a new loan-level database for China, we find that collateral incidence increases with …

literatura empírica sobre el proceso reformatorio en China ; By allowing large classes of movable assets to be used as collateral … with ex-ante more movable assets expand access to bank credit and prolong debt maturity. However, the reform does not seem …