asking for collateral. Small firms, especially if they are young, have little collateral and short credit histories, and thus … the willingness of MGIs to post collateral since it implies that firms are better screened and monitored …

, these flows are constrained and collateral is needed. Both the volume, the value, and the composition of collateral matter …. We make a distinction between "outside collateral" and "inside collateral". The use of inside assets, such as loans …, creates a "collateral pyramid", in that cash flows from one loan can be pledged to secure another. Through collateral pyramids …

allow for rent extraction through collateral. Our identification strategy hinges on the notion that informational … find that collateral incidence is positively associated with relationship intensity and bank market concentration, while …-sectional variation among borrowing firms: rent extraction through collateral is significantly less pronounced for less risky firms. Our …

asking for collateral. Small firms, especially if they are young, have little collateral and short credit histories, and thus …