Love, InessaMartínez Pería, María SoledadSingh, Sandeep2013-09-262013-09-262013-06https://hdl.handle.net/10986/15839Using 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.en-USCC BY 3.0 IGOACCESS TO BANKACCESS TO CREDITACCESS TO FINANCEACCESS TO FINANCINGACCESS TO LOANACCESS TO LOANSACCOUNTS RECEIVABLEADVERSE SELECTIONASYMMETRIC INFORMATIONAVAILABILITY OF COLLATERALBANK CREDITBANK FINANCINGBANK LENDINGBANK LOANBANK LOANSBANK POLICYBANK PROFITABILITYBANK RISKBANKRUPTCYBANKRUPTCY LAWSBANKSBINDING CONSTRAINTBORROWERBORROWINGBUSINESS ENVIRONMENTBUSINESS REGULATIONSCAPITAL STOCKCHECKSCLAIMCOLLATERALCOLLATERAL LAWCOLLATERAL LAWSCOLLATERAL REFORMCOLLATERAL REFORMSCOLLATERAL REGIMESCOLLATERAL REGISTRIESCOLLATERAL REGISTRYCONTRACT LAWSCOST OF CREDITCOUNTRY FIXED EFFECTSCREDIT AVAILABILITYCREDIT BUREAUSCREDIT CONSTRAINTSCREDIT FACILITIESCREDIT INFORMATIONCREDIT MARKETSCREDIT RATIONINGCREDIT REGISTRIESCREDIT REPORTINGCREDIT RISKCREDITORCREDITOR PROTECTIONCREDITOR RIGHTSCREDITORSDEFAULT INFORMATIONDEFAULTSDEPENDENTDEPOSITDEVELOPING COUNTRIESDOMESTIC BANKSDOMESTIC CREDITDUMMY VARIABLEDUMMY VARIABLESECONOMIC GROWTHENFORCEABILITYENFORCEABILITY OF CONTRACTSENFORCEMENT OF SECURITYEQUIPMENTEXPORTEREXTERNAL FINANCINGFINANCE ACCESSFINANCE CORPORATIONFINANCIAL CONTRACTSFINANCIAL CRISISFINANCIAL DEVELOPMENTFINANCIAL INSTITUTIONFINANCIAL INTERMEDIATIONFINANCIAL MARKETSFINANCIAL OBSTACLEFINANCIAL SECTORFINANCIAL SECTOR DEVELOPMENTFINANCIAL STUDIESFINANCING CONSTRAINTSFINANCING OBSTACLEFIRM GROWTHFIXED ASSETSFOREIGN BANKSGROWTH RATEIMMOVABLE PROPERTYINCOMEINDICATORS OF ACCESSINFLATIONINFLATION RATEINFORMATION ASYMMETRIESINFORMATION SHARINGINTANGIBLEINTANGIBLE ASSETSINTEREST RATEINTEREST RATESINTERNATIONAL BANKINTERNATIONAL FINANCEINVENTORYJURISDICTIONSLARGE FIRMSLEGAL CONSTRAINTSLEGAL FRAMEWORKLEGAL REFORMLEGAL REFORMSLEGAL RIGHTSLEGAL SYSTEMLEGAL SYSTEMSLENDERLENDERSLIENSLIKELIHOOD OF FINANCIAL CRISISLINE OF CREDITLOANLOAN AMOUNTSLOAN MATURITIESLOAN MATURITYLOAN REPAYMENTLOAN SPREADSLOAN TERMSMANUFACTURING INDUSTRYMATURITIESMATURITYMORAL HAZARDMOVABLE ASSETSMOVABLE COLLATERALMULTINATIONALMULTINATIONAL BANKOUTSTANDING LOANOVERDRAFTOVERDRAFT FACILITYPERSONAL ASSETSPLEDGE COLLATERALPOLITICAL ECONOMYPRIORITY OF CREDITORSPRIVATE CREDITPRIVATE SECTOR DEVELOPMENTPROFITABILITYRECEIVABLESREGISTRY REFORMREGULATORY ENVIRONMENTREGULATORY FRAMEWORKRISK TAKINGSECURITY INTERESTSECURITY INTERESTSTRANSACTIONS LAWSTRANSITION COUNTRIESUSE OF COLLATERALVALUE OF COLLATERALWORKING CAPITALWORLD DEVELOPMENT INDICATORSaccess to bank financeWorld Bank10.1596/1813-9450-6477