Institutional framework of state property pledge in nizhniy Novgorod Rregion

Tat'yana Danilova (), Mariya Lamottke () and Ol'ga Guseva ()
Additional contact information
Tat'yana Danilova: Russian Presidential Academy of National Economy and Public Administration — Nizhniy Novgorod Institute of Management
Mariya Lamottke: Russian Presidential Academy of National Economy and Public Administration — Nizhniy Novgorod Institute of Management
Ol'ga Guseva: Ministry of State Property and Land Resources of Nizhniy Novgorod region

Economy of region, 2012, vol. 1, issue 3, 133 - 140

Abstract: Collateral legal relations are an important factor of the investment process development. They reduce opportunistic loan risks and increase partners’ confidence within the transaction. The mortgage fund of Nizhniy Novgorod region is nowadays involved in the implementation of investment and innovation projects up to 70%. Although the institutional environment of regional collateral relation has drastically improved in the last 11 years, the current status is far away from the ideal. Imperfect legal framework of collateral legal relations with the public property leads not only to information asymmetry, but also to a reduced states’ income from these transactions. The paper analyzes the current legislative pledge of state property, describes the main steps of its modernization, identifies the positive aspects and trends, as well as deficiencies, provides and gives a proof of necessary legal framework changes aimed at collateral financial relations efficiency improvement in the region.

Keywords: institutionalism; institute; deal; transaction; information asymmetry; collateral; real estate; state property (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://economyofregion.ru/Data/Issues/ER2012/Septe ... mber2012_133_140.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ura:ecregj:v:1:y:2012:i:3:p:133-140

Access Statistics for this article

More articles in Economy of region from Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences
Bibliographic data for series maintained by Alexey Naydenov ().