Collateral and Secured Debt
收藏NBER2025-06-01 更新2025-06-14 收录
下载链接：
https://www.nber.org/papers/w33875
下载链接
链接失效反馈官方服务：
资源简介：
We argue that firms assets, especially their tangible assets, serve as collateral restricting both secured and unsecured debt. Secured debt is explicitly collateralized, placing a lien on specific assets, which facilitates enforcement. Unsecured debt is backed by unencumbered assets and thus
提供机构：
美国国家经济研究局
创建时间：
2025-06-01
