"We examine how collateral affects the cost of debt capital. Theories based on borrower moral hazard and limited … in particular redeployable collateral, lowers the cost of external financing and increases debt capacity …

channel in which a firm's bankruptcy reduces collateral values of other industry participants, thereby increasing the cost of … suggest that industry bankruptcies have a sizeable impact on the cost of debt financing of other industry participants. We …

channel in which a firm's bankruptcy reduces collateral values of other industry participants, thereby increasing the cost of … suggest that industry bankruptcies have a sizeable impact on the cost of debt financing of other industry participants. We …

We examine how collateral affects the cost of debt capital. Theories based on borrower moral hazard and limited … in particular redeployable collateral, lowers the cost of external financing and increases debt capacity …

We examine how collateral affects the cost of debt capital. Theories based on borrower moral hazard and limited … in particular redeployable collateral, lowers the cost of external financing and increases debt capacity …

channel in which a firm's bankruptcy reduces collateral values of other industry participants, thereby increasing the cost of … suggest that industry bankruptcies have a sizeable impact on the cost of debt financing of other industry participants. We …