Within a framework of debt renegotiation and a priori private information, what is the role of outside and inside collateral? The literature shows that unobservability of the project’s returns implies that the high-risk borrower is more inclined to pledge outside collateral than is the...

Studies of peer-to-peer lending in the USA find that female borrowers have better chances of getting funds than males. Is differential treatment of borrowers of different sexes a common feature of peer-to-peer lendingmarkets or is it subject to specific businessmodels, ways of fixing loan...

Hausbanken sind oft aktiv in die Restrukturierung und Sanierung ihrer notleidenden Firmenkunden involviert. Dieses Papier analyziert den Anreize von Banken zum Aufbau von Restrukturierungsexpertise. Insbesondere untersuchen wie diese Anreize durch Kreditsicherheiten beeinflußt werden. Unsere...