I show that patents are pledged as collateral to raise significant debt financing, and that the
pledgeability of patents contributes to the financing of innovation. In 2013, 38% of US …

This article examines the economics of financing small business in private equity and debt
markets. Firms are viewed through a financial growth cycle paradigm in which different …

This article examines the role of relationship lending in small firm finance. It examines price
and nonprice terms of bank lines of credit (L/Cs) extended to small firms. The focus on L/Cs …

We examine the impact of auditor choice on debt pricing in firms' early public years when
they are lesser known. Our evidence suggests that retaining a Big Six auditor, which can …

Technology and competitiveness | Oxford Review of Economic Policy | Oxford Academic Skip
to Main Content Advertisement Oxford Academic Journals Books Search Menu Information …

We investigate how firms respond to strengthening of creditor rights by examining their
financial decisions following a securitization reform in India. We find that the reform led to a …

This paper provides empirical evidence on the economic value of services provided by
independent auditors by analyzing whether auditor association leads to reduced interest …

This paper analyses the determinants of the probability of default (PD) of bank loans. We
focus the discussion on the role of a limited set of variables (collateral, type of lender and …

Many economists argue that the primary economic function of banks is to provide cheap
credit, and to facilitate this function, they advocate the strict protection of creditor rights. But …

This paper analyzes the relationship between banks and SMEs in the continental European
bank-based system. We find that SMEs with longer bank relationships have enhanced …