Collateral damaged? Priority structure, credit supply, and firm performance
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DOI: 10.1016/j.jfi.2019.05.001
Abstract: A unique legal reform in 2004 in Sweden redistributed collateral rights from banks holding floating liens to unsecured creditors without changing the value of assets on firms’ balance sheets. Using a country-wide panel of all… read more here.
Keywords: collateral damaged; collateral; structure credit; damaged priority ... See more keywords