Browsing Arbeidsnotater / Working Papers by Author "Ongena, Steven"
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Collateral Damaged? Priority Structure, Credit Supply, and Firm Performance
Cerqueiro, Geraldo; Ongena, Steven; Roszbach, Kasper (Working Paper;9/2019, Working paper, 2019)A unique legal reform in 2004 in Sweden redistributed collateral rights from banks holding floating liens to unsecured creditors without changing the value of assets on firms’ balance sheets. Using a country-wide panel of ...