credit by their bank. The reduction in collateral value also precedes a decrease in bank monitoring intensity and frequency … type of collateral that is comparable to the floating lien. We explore this natural experiment to identify how collateral … determines borrower quality, loan terms, access to credit and bank monitoring of business term loans. Using a differences …

recent financial crisis. In order to establish and implement a monitoring framework that allows for an effective assessment … the implementation of a monitoring framework in Europe. …

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 …

This paper analyses the role of collateral in loan contracting when companies are financed by multiple bank lenders and … the view that collateral is a strategic instrument intended to influence the bargaining position of banks. Our result …

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 …