Please use this identifier to cite or link to this item: http://hdl.handle.net/1942/1530
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dc.contributor.authorVOORDECKERS, Wim-
dc.contributor.authorSTEIJVERS, Tensie-
dc.date.accessioned2007-05-22T14:19:24Z-
dc.date.available2007-05-22T14:19:24Z-
dc.date.issued2006-
dc.identifier.citationJournal of Banking and Finance, 30(11). p. 3067-3086-
dc.identifier.issn0378-4266-
dc.identifier.urihttp://hdl.handle.net/1942/1530-
dc.description.abstractUsing a database of SME credit approvals from a large Belgian bank, this paper extends the empirical evidence on the determinants of collateral by examining the determinants of business collateral simultaneously with the determinants of personal collateral/commitments. Our results suggest that firm and relationship characteristics seem to be more important determinants of collateral/commitment protection than loan and lender characteristics. Family firms are more likely to offer a higher degree of collateral/commitment protection while introducing competition between banks decreases this likelihood. The collateral requirement decreases in the length of the bank-borrower relationship. Furthermore, trade credit seems to have a signalling effect. The ‘lazy banks hypothesis’ was not supported. Our results suggest that beside risk arguments, also commercial arguments help explain the pledging of collateral. Using a continuation-ratio logit model, we discover several differences in the determinants of the collateralisation decision and the determinants of the type of collateral/commitments.-
dc.format.extent234435 bytes-
dc.format.mimetypeapplication/pdf-
dc.language.isoen-
dc.publisherElsevier-
dc.subject.otherSME lending, Business Collateral, Personal collateral, Personal guarantees-
dc.titleBusiness collateral and personal commitments in SME lending-
dc.typeJournal Contribution-
dc.identifier.epage3086-
dc.identifier.issue11-
dc.identifier.spage3067-
dc.identifier.volume30-
local.bibliographicCitation.jcatA1-
local.type.refereedRefereed-
local.type.specifiedArticle-
dc.bibliographicCitation.oldjcatA1-
dc.identifier.doi10.1016/j.jbankfin.2006.05.003-
dc.identifier.isi000242315500007-
item.fullcitationVOORDECKERS, Wim & STEIJVERS, Tensie (2006) Business collateral and personal commitments in SME lending. In: Journal of Banking and Finance, 30(11). p. 3067-3086.-
item.validationecoom 2007-
item.contributorVOORDECKERS, Wim-
item.contributorSTEIJVERS, Tensie-
item.fulltextWith Fulltext-
item.accessRightsOpen Access-
crisitem.journal.issn0378-4266-
crisitem.journal.eissn1872-6372-
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