Steijvers, Tensie; Voordeckers, Wim - In: Journal of Economic Surveys 23 (2009) 5, pp. 924-946
The relationship between firms and banks often suffers from informational opacity that may result in credit rationing. In theory, providing collateral to the bank can have a mitigating effect on these informational asymmetries and thus solve the credit-rationing problem. Even though collateral...