Collateral Pricing
收藏NBER2008-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w13874
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资源简介：
We examine how collateral affects the cost of debt capital. Theories based on borrower moral hazard and limited pledgeable income predict that collateral increases the availability of credit and reduces its price. Testing these theories is complicated by the very selection problem which they imply:
提供机构：
美国国家经济研究局
创建时间：
2008-03-01
