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  1. International similarities of bank lending practices and varieties of insolvency laws
    a comparative analysis of France and Germany
    Erschienen: 2012
    Verlag:  Univ., Dep. Socioeconomics, Hamburg

    Economic theory conjectures complementarities between the ranking of creditors in formal insolvency proceedings and the use of collateral in bank loan contracts as well as the exist-ence of relational compared to arm's length lending. In this paper... mehr

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 482 (2012,3)
    keine Fernleihe

     

    Economic theory conjectures complementarities between the ranking of creditors in formal insolvency proceedings and the use of collateral in bank loan contracts as well as the exist-ence of relational compared to arm's length lending. In this paper we seek evidence for the-se hypotheses taking France and Germany as examples which differ significantly concerning the ranking of in particular secured creditors. On closer scrutiny of empirical studies as well as statistical information we can neither confirm that a high priority for secured lenders explains an excessive use of collateral in bank loans nor that a priority for inside collateral promotes relational lending. Regarding relational lending we point to variables lying outside the insolvency law, like culture and history.

     

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    Hinweise zum Inhalt
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/103163
    Schriftenreihe: DEP (socioeconomics) discussion papers ; 3/2012
    Umfang: Online-Ressource (51 S.)