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 …

) and a specification of the amount of collateral per dollar of lending. The latter is summarized by the margin or "haircut …" associated with the loan. Some key models of endogenous collateral constraints imply that the primary equilibrating force will be … the part of borrowers has profound effects on asset prices. Quantitative analysis of a model of collateral equilibrium …

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 … priority for inside collateral promotes relational lending. Regarding relational lending we point to variables lying outside …

Credit rationing and the use of collateral are widely observed in debt financing. To our view there is yet no … collateral is limited. In our model we show that credit rationing and the use of collateral are always necessary for debt … resulting from the information asymmetry. Furthermore, we extend the set of possible collateral to property rights over physical …

finance since the global financial crisis, including sources of credit, lender types, and collateral types. First, SMEs … age, and export participation. Fourth, personal assets of SME owners tend to matter more as collateral for SME borrowing … from banks than other collateral types. Improving credit guarantee systems, enhancing monitoring and credit scoring by …