, whose original loans were made by 123 different banks, our article confirms a significant positive influence of collateral …)]. In a further analysis of collateral, systematic biases between the realized market price and the expected market values … haircuts to collateral values and show the superior performance of our proposed approach. …

Economic theory conjectures complementarities between the ranking of creditors in formal insolvency proceedings and the … use of collateral in bank loan contracts as well as the exist-ence of relational compared to arm's length lending. In this … neither confirm that a high priority for secured lenders explains an excessive use of collateral in bank loans nor that a …

, but tend not to face higher interest rates because they provide collateral. This paper illustrates these effects in a …

lending, borrower quality and collateral as a key variable in loan contract design. We used a unique data set based on the … borrower quality and the incidence or degree of collateralization. Our results indicate that the use of collateral in loan … housebanks do require more collateral from their debtors, thereby increasing the borrower's lock-in and strengthening the banks …