SciELO - Scientific Electronic Library Online

 
vol.68 issue1Propagação assimétrica de choques monetários na economia brasileira: evidências com base em um modelo vetorial não-linear de transição suave author indexsubject indexarticles search
Home Pagealphabetic serial listing  

Services on Demand

Journal

Article

Indicators

Related links

Share


Revista Brasileira de Economia

Print version ISSN 0034-7140

Abstract

CARVALHO, Jaimilton; DIVINO, José Angelo  and  ORRILLO, Jaime. Determinantes do requerimento de colateral em empréstimos empresariais. Rev. Bras. Econ. [online]. 2014, vol.68, n.1, pp.5-18. ISSN 0034-7140.  http://dx.doi.org/10.1590/S0034-71402014000100002.

The goal of this paper is to evaluate the determinants of collateral requirement by the lender in the formal entrepreneurial sector of the Brazilian economy in the short-run horizon. The results indicate that the probability of using collateral is higher among borrowers with lower credit quality and borrowers who fulfill past financial promises. In addition, higher competition and rivalry in the credit market increase the probability of collateral utilization in short-run loans. Such evidence corroborates recent findings of the literature in the sense that the determinants of collateral requirement in financial loans might be distinct among different credit markets.

Keywords : Colateral; Empréstimos comerciais; Setor financeiro; Dados em Painel.

        · abstract in Portuguese     · text in Portuguese     · Portuguese ( pdf )

 

Creative Commons License All the contents of this journal, except where otherwise noted, is licensed under a Creative Commons Attribution License