to be asset-backed and long-term. The findings suggest that fintech lenders substitute data for collateral to leverage … their own advantage stemming from lower collateral underwriting costs. The results offer a supply-side explanation for the … credit availability and interest rates offered by fintechs and banks, drawn from the Federal Reserve's Small Business Credit …

We establish that a monopoly bank never uses collateral as a screening device. A pooling equilibrium always exists in … which all borrowers pay the same interest rate and put zero collateral. Absence of screening leads to socially inefficient … lending in the sense that some socially productive firms are denied credit due to excessively high interest rate. …

' assessments of firms' credit quality and economic worth following loan announcements. Our sample comprises 986 announcements of …

lending, borrower quality and collateral as a key variable in loan contract design. We used a unique data set based on the … examination of credit files of five leading German banks, thus relying on information actually used in the process of bank credit … borrower quality and the incidence or degree of collateralization. Our results indicate that the use of collateral in loan …

institutions in Thailand still rely on collateral-based lending and SME financial transparency through audited financial statements …