1st Edition

Credit and Collateral

By Vania Sena Copyright 2008
160 Pages
by Routledge

160 Pages
by Routledge

160 Pages
by Routledge

Collateral - generally defined as an asset used to provide security for a lender's loan - is an important feature of credit contracts and all the available evidence suggests that its use is getting more pervasive. This informative book builds upon recent research into this topic. Sena analyses three case-studies that revolve around the impact that financial constraints have on economic... Read more

1. Introduction  2. Credit Constraints and Economic Outcomes: A Short Survey  2.1 Introduction  2.2 Asymmetric Information in the Credit Market and its Impact on the Firm’s Demand for Investment: A Brief Survey  2.3 Self-Employment Choice, Gender and Financial Constraints  2.4 Conclusions  3. Technical Efficiency and Finance Constraints: An Empirical Analysis for the Italian Manufacturing, 1989-1994  3.1 Introduction  3.2 Technical Efficiency and Finance Constraints: A Partial Equilibrium Approach  3.3 The Empirical Analysis  3.4 The Econometric Results  3.5 Concluding Remarks  4. Product Market Competition, Financial Pressure and Producers’ Cooperatives  4.1 Introduction  4.2 The General Framework  4.3 The Empirical Analysis  4.4 Concluding Remarks  5. Self-Employment and Gender: How Important are Financial Constraints?  5.1 Introduction  5.2 The Model  5.3 The Household Survey of Entrepreneurship (HSE) 2003  5.4 The Results  5.5 Concluding Remarks  6. Conclusions

Biography

Vania Sena is currently a Senior Lecturer in Economics at Aston Business School, Aston University, Birmingham.