Loan Rates and Collateral

Aron A. Gottesman and Gordon S. Roberts

The Financial Review, 2007, vol. 42, issue 3, 401-427

Abstract: We investigate the relation between corporate loan spreads and collateralization. We use propensity scoring to create a matched sample of pairs of loan facilities from the Dealscan database. We find that noncollateralized loans are associated with lower spreads even after controlling for risk.

Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:bla:finrev:v:42:y:2007:i:3:p:401-427

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