Collateral Registries for Movable Assets: Does Their Introduction Spur Firms’ Access to Bank Financing?

Inessa Love, Maria Martinez Peria and Sandeep Singh

Journal of Financial Services Research, 2016, vol. 49, issue 1, 37 pages

Abstract: We use firm-level data to explore the impact of the introduction of collateral registries for movable assets on firms’ access to bank financing. We compare the firms’ access to financing in seven countries before and after they introduce these registries to the firms in three control groups: the countries that do not introduce registries, the countries matched by location and income to those that establish these registries, and the countries that undertake reforms to their legal frameworks for collateral. Overall, we find that the introduction of these registries increases the firms’ access to financing, particularly for smaller and younger firms. Copyright International Bank for Reconstruction and Development/The World Bank 2016

Keywords: Movable collateral; Access to bank financing; JEL Clasification; K20; G21; G30 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (22)

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DOI: 10.1007/s10693-015-0213-2

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