search query: @author Saurina, J. / total: 3
reference: 2 / 3
| Author: | Jiménez, G. Salas, V. Saurina, J. |
| Title: | Determinants of collateral |
| Journal: | Journal of industrial ecology
2006 : AUG, VOL. 81:2, p. 255-281 |
| Index terms: | asymmetric information banking business cycles competition Spain |
| Language: | eng |
| Abstract: | This study estimates a comprehensive model of the determinants of collateral in loans extended to business companies. Panel data is used on a sample of bank loans to Spanish companies from 1984 to 2002. Consistent with theories that view collateral as a solution to adverse selection problems, the results provide direct evidence of a negative association between collateral and a borrower's risk. |
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