Collateral Registries for Movable Assets: Does Their Introduction Spur Firms' Access to Bank Finance?

Inessa Love, Maria Martinez Peria and Sandeep Singh
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Sandeep Singh: World Bank

No 201422, Working Papers from University of Hawaii at Manoa, Department of Economics

Abstract: Using firm-level surveys for up to 73 countries, this paper explores the impact of introducing collateral registries for movable assets on firms' access to bank finance. It compares firms’ access to bank finance in seven countries that introduced collateral registries for movable assets against three control groups: firms in all countries that did not introduce a registry, firms in a sample of seven countries matched by location and income per capita to the countries that introduced registries for movable assets, and firms in countries that undertook other types of collateral reforms but did not set up registries for movable assets. Overall, the analysis finds that introducing collateral registries for movable assets increases firms' access to bank finance. There is also evidence that this effect is larger among smaller and younger firms.

Keywords: movable collateral; access to bank finance (search for similar items in EconPapers)
JEL-codes: G21 G30 K20 (search for similar items in EconPapers)
Pages: 34 pages
Date: 2014-09
New Economics Papers: this item is included in nep-ban, nep-cfn and nep-law
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http://www.economics.hawaii.edu/research/workingpapers/WP_14-22.pdf First version, 2014 (application/pdf)

Related works:
Working Paper: Collateral registries for movable assets: does their introduction spur firms'access to bank finance ? (2013)
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