Format:
1 Online-Ressource
Edition:
Online-Ausgabe World Bank E-Library Archive Sonstige Standardnummer des Gesamttitels: 041181-4
Edition:
Also available in print.
Series Statement:
Policy research working paper 2544
Content:
A secured letter-of-credit loan allows a lender to make larger loans than would be permissible on an unsecured basis, maximizing a risky borrower's investment capital. Empirical evidence shows that secured letters of credit are used by borrowers who are informationally opaque and have higher observable risk. Such borrowers also have fewer growth opportunities and are less likely to pay dividends
Note:
"February 2001"--Cover. - Includes bibliographical references (p. 32-33). - Title from title screen as viewed on Sept. 18, 2002
,
Erscheinungsjahr in Vorlageform:[2001]
,
Weitere Ausgabe: Klapper, Leora : The uniqueness of short-term collateralization
Additional Edition:
Reproduktion von Klapper, Leora The uniqueness of short-term collateralization 2001
Language:
English
URL:
Volltext
(Deutschlandweit zugänglich)
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