Collateral Registries for Movable Assets: Does Their Introduction Spur Firms'Access to Bank Finance?

35 Pages Posted: 20 Apr 2016

See all articles by Inessa Love

Inessa Love

World Bank - Development Economics Data Group (DECDG)

Maria Soledad Martinez Peria

International Monetary Fund (IMF)

Sandeep Singh

World Bank

Date Written: June 1, 2013

Abstract

Using firm-level surveys for up to 73 countries, this paper explores the impact of introducing collateral registries for movable assets on firms' access to bank finance. It compares firms' access to bank finance in seven countries that introduced collateral registries for movable assets against three control groups: firms in all countries that did not introduce a registry, firms in a sample of countries matched by location and income per capita to the countries that introduced registries for movable assets, and firms in countries that undertook other types of collateral reforms but did not set up registries for movable assets. Overall, the analysis finds that introducing collateral registries for movable assets increases firms' access to bank finance. There is also some evidence that this effect is larger among smaller firms.

Keywords: Access to Finance, Debt Markets, Bankruptcy and Resolution of Financial Distress, Banks & Banking Reform, Emerging Markets

Suggested Citation

Love, Inessa and Martinez Peria, Maria Soledad and Singh, Sandeep, Collateral Registries for Movable Assets: Does Their Introduction Spur Firms'Access to Bank Finance? (June 1, 2013). World Bank Policy Research Working Paper No. 6477. Available at SSRN: https://ssrn.com/abstract=2278093

Inessa Love

World Bank - Development Economics Data Group (DECDG) ( email )

1818 H Street, N.W.
Washington, DC 20433
United States

HOME PAGE: http://econ.worldbank.org/staff/ilove

Maria Soledad Martinez Peria

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Sandeep Singh

World Bank ( email )

1818 H Street, NW
Washington, DC 20433
United States

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