The uniqueness of short-term collateralization:
A secured letter-of-credit loan allows a lender to make larger loans than would be permissible on an unsecured basis, maximizing a risky borrower's investment capital. Empirical evidence shows that secured letters of credit are used by borrowers who are informationally opaque and have higher ob...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
World Bank, Development Research Group, Finance
2001
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| Schriftenreihe: | Policy research working paper
2544 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | A secured letter-of-credit loan allows a lender to make larger loans than would be permissible on an unsecured basis, maximizing a risky borrower's investment capital. Empirical evidence shows that secured letters of credit are used by borrowers who are informationally opaque and have higher observable risk. Such borrowers also have fewer growth opportunities and are less likely to pay dividends |
| Beschreibung: | "February 2001"--Cover. - Includes bibliographical references (p. 32-33). - Title from title screen as viewed on Sept. 18, 2002 Erscheinungsjahr in Vorlageform:[2001] Weitere Ausgabe: Klapper, Leora : The uniqueness of short-term collateralization |
| Beschreibung: | 1 Online-Ressource (44 Seiten) |
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| language | English |
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| physical | 1 Online-Ressource (44 Seiten) |
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| publishDate | 2001 |
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| publisher | World Bank, Development Research Group, Finance |
| record_format | marc |
| series2 | Policy research working paper |
| spellingShingle | Klapper, Leora The uniqueness of short-term collateralization Ökonometrisches Modell |
| title | The uniqueness of short-term collateralization |
| title_alt | Uniqueness of short term collateralization |
| title_auth | The uniqueness of short-term collateralization |
| title_exact_search | The uniqueness of short-term collateralization |
| title_full | The uniqueness of short-term collateralization Leora Klapper |
| title_fullStr | The uniqueness of short-term collateralization Leora Klapper |
| title_full_unstemmed | The uniqueness of short-term collateralization Leora Klapper |
| title_short | The uniqueness of short-term collateralization |
| title_sort | the uniqueness of short term collateralization |
| topic | Ökonometrisches Modell |
| topic_facet | Ökonometrisches Modell |
| url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-2544 |
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