December 2013
Intermediate to advanced
928 pages
28h 50m
English
Elmas Yaldız Hanedara, Eleonora Broccardoa,b and Flavio Bazzanaa, aDepartment of Economics and Management, University of Trento, Via Inama, Trento, Italy, bCefin (Centro Studi Banca e Finanza), Modena, Italy, E-mail: elmas.yaldiz@unitn.it, eleonora.broccardo@unitn.it, flavio.bazzana@unitn.it
Most theoretical and empirical models have shown that pledging collateral is a necessary condition for access to finance. In this chapter, we analyze the role of collateral in a cross-country sample of emerging markets compiled from data found in the Business Environment Survey. We investigate the role of collateral both at the firm- and country-specific levels, and we provide a robustness analysis ...
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