Collateral Registries for Movable Assets : Does Their Introduction Spur Firms' Access to Bank Finance?
Using firm-level surveys for up to 73 countries, this paper explores the impact of introducing collateral registries for movable assets on firms' access to bank finance. It compares firms' access to bank finance in seven countries that in...
Main Authors: | , , |
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Format: | Policy Research Working Paper |
Language: | English en_US |
Published: |
World Bank, Washington, DC
2013
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Subjects: | |
Online Access: | http://documents.worldbank.org/curated/en/2013/06/17840507/collateral-registries-movable-assets-introduction-spur-firms-access-bank-finance http://hdl.handle.net/10986/15839 |
Summary: | Using firm-level surveys for up to 73
countries, this paper explores the impact of introducing
collateral registries for movable assets on firms'
access to bank finance. It compares firms' access to
bank finance in seven countries that introduced collateral
registries for movable assets against three control groups:
firms in all countries that did not introduce a registry,
firms in a sample of countries matched by location and
income per capita to the countries that introduced
registries for movable assets, and firms in countries that
undertook other types of collateral reforms but did not set
up registries for movable assets. Overall, the analysis
finds that introducing collateral registries for movable
assets increases firms' access to bank finance. There
is also some evidence that this effect is larger among
smaller firms. |
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