Ono, Arito; Uesugi, Iichiro - Center for Intergenerational Studies, Institute of … - 2008
This paper investigates the determinants of the use of collateral and personal guarantees in, Japan's SME loan market. We find that firms' riskiness does not have a significant effect on the, likelihood that collateral is used. We find, however, that main banks whose claims are collateralized,...