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debt transactions. The menu of assets legally accepted as collateral was enlarged to include movable assets (e …
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secured debt transactions. The menu of assets legally accepted as collateral was enlarged to include movable assets (e …
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debt transactions. The menu of assets legally accepted as collateral was enlarged to include movable assets (e …
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Asset-based lending, the supply of loans based on floating collateral, is an important source of funding for small .rms … firms. Close monitoring of collateral by lenders results in an informational advantage for the incumbent lender and third …
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We show that lenders join a U.S. commercial credit bureau when information asymmetries between incumbents and entrants create an adverse selection problem that hinders market entry. Lenders also delay joining when information asymmetries protect them from competition in existing markets,...
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We study a dynamic model of collateralized lending under adverse selection in which the quality of collateral assets is …
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