The Cross-Country Magnitude and Determinants of Collateral Borrowing

The Cross-Country Magnitude and Determinants of Collateral Borrowing

Using the World Bank Enterprise Survey covering 6,800 firms across 43 developing countries, this paper investigates the prevalence and determinants of collateralized borrowing. It focuses on the following two aspects: (1) whether firms' loans...

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Bibliographic Details
Main Authors:	Nguyen, Ha, Qian, Rong
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	ACCESS TO CREDIT ACCESS TO FINANCE ACCESSIBILITY ACCOUNT RECEIVABLE ACCOUNTS RECEIVABLE AMOUNT OF COLLATERAL AMOUNT OF LOAN ASSET PRICES ASSET VALUE AVAILABILITY OF CREDIT BANK LENDING BANK LOAN BANK POLICY BANK RISK BANKING SECTOR BANKS BOND BOND RATINGS BONDS BORROWER BORROWING BORROWING CAPACITY BUSINESS CYCLE BUSINESS INVESTMENT CAPITAL FLOWS CAPITAL INFLOWS CAPITAL MARKETS CASH FLOW CHECKS CLAIM COLLATERAL COLLATERAL AMOUNT COLLATERAL REQUIREMENT COLLATERALIZATION COMMERCIAL BANKS CORPORATE FINANCE CORPORATE INVESTMENT CORRUPTION COUNTRY DUMMIES COUNTRY FIXED EFFECT COUNTRY FIXED EFFECTS CREDIT BUREAU CREDIT CONSTRAINT CREDIT CONSTRAINTS CREDIT COOPERATIVE CREDIT COOPERATIVES CREDIT INFORMATION CREDIT INFORMATION SYSTEM CREDIT MARKET CREDIT RATINGS CREDIT RATIONING CREDIT REGISTRY CREDIT SCORES CREDIT UNIONS CREDIT WORTHINESS CREDITORS DEBT DEBT CAPACITY DEBTORS DEBTS DEFAULT RISK DEFAULTS DEPENDENT DEPOSIT DEPOSITS DEVELOPING COUNTRIES DIVIDEND DIVIDEND PAYOUTS DOMESTIC BANK DOMESTIC CREDIT DOMESTIC MARKET DUMMY VARIABLE ECONOMIC ACTIVITY ECONOMIC CRISIS ECONOMIC DEVELOPMENT EMPLOYMENT EQUIPMENT EQUITIES EQUITY SECURITIES ESTATE PROPERTIES EXPORTER EXPORTERS EXTERNAL FINANCE EXTERNALITIES FEDERAL RESERVE FEDERAL RESERVE BANK FINANCE COMPANIES FINANCIAL ASSETS FINANCIAL CONSTRAINTS FINANCIAL CRISES FINANCIAL DEVELOPMENT FINANCIAL FACTORS FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARY FINANCIAL OBSTACLES FINANCIAL RESOURCES FINANCIAL STATEMENT FINANCIAL STUDIES FINANCING CONSTRAINT FINANCING CONSTRAINTS FINANCING OBSTACLES FINANCING SOURCES FIRM GROWTH FOREIGN FIRM FORMAL BANKS FORMAL FINANCIAL INSTITUTIONS FORMAL LENDING GOVERNANCE INDICATORS HOUSEHOLDS ILLIQUIDITY INCOME INCOME LEVELS INDUSTRIAL LOANS INFORMAL BORROWING INFORMAL FINANCE INFORMAL LENDERS INFORMATION ASYMMETRIES INFORMATION ASYMMETRY INSIDER TRADING INSTRUMENT INTEREST RATE INTEREST RATE SPREAD INTERNATIONAL BANK INTERNATIONAL FINANCIAL CRISES INVENTORIES JOINT VENTURE LACK OF ASSETS LACK OF COLLATERAL LARGE FIRMS LEGAL SYSTEM LEGAL SYSTEM EFFICIENCY LENDER LENDERS LENDING DECISIONS LENDING INSTITUTIONS LEVERAGE LINE OF CREDIT LINES OF CREDIT LIQUIDATION LIQUIDATION COST LIQUIDITY CONSTRAINTS LIQUIDITY CRUNCH LOAN LOAN CHARACTERISTICS LOAN QUALITY MACROECONOMICS MARKET DEVELOPMENT MICROFINANCE MICROFINANCE INSTITUTIONS MONETARY POLICY MORTGAGE MORTGAGE CREDIT NEGATIVE SHOCKS NONBANK INSTITUTIONS OUTPUT OVERDRAFT OVERDRAFT FACILITIES OVERDRAFT FACILITY PERSONAL ASSET PERSONAL ASSETS PLEDGE COLLATERAL PORTFOLIO PORTFOLIO CONSTRAINTS PRIVATE BANK PRIVATE BANKS PRIVATE COMMERCIAL BANKS PRIVATE CREDIT PRIVATE CREDIT BUREAU PROBABILITY OF DEFAULT PUBLIC BANKS PUBLIC CREDIT PUBLIC ENTERPRISES REAL ESTATE RECESSIONS REPAYMENT REPUTATION RETURN RULE OF LAW SAVINGS SAVINGS DEPOSITS SECURITIES SHAREHOLDER SMALL FIRM FINANCE SPECIFIC ASSETS STATE BANK STATE BANKS STOCK MARKET STOCK MARKET DEVELOPMENT STOCKS TAXATION TRADE CREDITS VALUABLE ASSETS VALUE OF COLLATERAL VOLATILITY WORLD DEVELOPMENT INDICATOR
Online Access:	http://documents.worldbank.org/curated/en/2012/03/15949444/cross-country-magnitude-determinants-collateral-borrowing http://hdl.handle.net/10986/19878

Internet

http://documents.worldbank.org/curated/en/2012/03/15949444/cross-country-magnitude-determinants-collateral-borrowing
http://hdl.handle.net/10986/19878

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