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 › peer-review
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 language | English |
|---|---|
| Article number | 0 |
| Pages (from-to) | 0 |
| Journal | Journal of Business Ethics |
| Volume | 0 |
| Early online date | 2 Jan 2020 |
| DOIs | |
| Publication status | Early 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
Related information
ID: 17204778
