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Do national differences in social capital and corporate ethical behaviour perceptions influence the use of collateral? Cross-country evidence

Research output: Contribution to journal › Article

We study the impact of social capital and perceptions about corporate ethical behaviour on the use of collateral in corporate borrowing. Using a dataset of more than 17,500 firms operating in over 100 transition and developing countries, we find evidence that country-level social capital and better perceptions about corporate ethical behaviour are negatively associated with the likelihood to pledge collateral. In addition, these country level characteristics influence the value of collateral relative to the loan value.
Original languageEnglish
JournalJournal of Business Ethics
Early online date2 Jan 2020
DOIs
Publication statusEarly online - 2 Jan 2020

Documents

  • PAPADIMITRI_2019_cright_JBE_Do national differences in social capital and corporate ethical behaviour perceptions influence the use of collateral

    Rights statement: This is a post-peer-review, pre-copyedit version of an article published in Journal of Business Ethics. The final authenticated version is available online at: http://dx.doi.org/10.1007/s10551-019-04412-4.

    Accepted author manuscript (Post-print), 1.38 MB, PDF document

    Due to publisher’s copyright restrictions, this document is not freely available to download from this website until: 2/01/21

Links

DOI: https://doi.org/10.1007/s10551-019-04412-4

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