The DOI matches its Crossref record; 5 of the 5 references it cites were found in a registry or an index.
Access to Collateral and Corporate Debt Structure: Evidence from a Natural Experiment
Open accessAbstract
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 reduction in secured debt, total debt, debt maturity, and asset growth, and an increase in liquidity hoarding by firms. Moreover, the effects are more pronounced for firms that have a higher proportion of tangible assets because these firms are more affected by the secured transactions law. These results suggest that strengthening of creditor rights introduces a liquidation bias and documents how firms alter their debt structures to contract around it.
Overview
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Integrity signals
Registry
Cites
Statistics
Verification
Claims the paper makes
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Self-check
Percentages, sums and reported differences re-computed from the paper’s own numbers.
The self-check needs the paper’s full text.
Citations
Cites
Corporate financing and investment decisions when firms have information that investors do not have
Myers, S. C., & Majluf, N. S. (1984) · Journal of Financial Economics · doi:10.1016/0304-405x(84)90023-0 · Cited by 18,957
La Porta, R., Lopez‐de‐Silanes, F., Shleifer, A., & Vishny, R. W. (1998) · Journal of Political Economy · doi:10.1086/250042 · Cited by 18,025
How Much Should We Trust Differences-in-Differences Estimates?
Bertrand, M., Duflo, E., & Mullainathan, S. (2004) · The Quarterly Journal of Economics · doi:10.1162/003355304772839588 · Cited by 10,641
Legal Determinants of External Finance
LA PORTA, R., LOPEZ‐DE‐SILANES, F., SHLEIFER, A., & VISHNY, R. W. (1997) · The Journal of Finance · doi:10.1111/j.1540-6261.1997.tb02727.x · Cited by 9,783
What Do We Know about Capital Structure? Some Evidence from International Data
RAJAN, R. G., & ZINGALES, L. (1995) · The Journal of Finance · doi:10.1111/j.1540-6261.1995.tb05184.x · Cited by 6,538
Cited by
Creditor rights and corporate risk-taking
Acharya, V. V., Amihud, Y., & Litov, L. (2011) · Journal of Financial Economics · doi:10.1016/j.jfineco.2011.04.001 · Cited by 772
Doing Business 2020: Comparing Business Regulation in 190 Economies
Bank, W. (2020) · doi:10.1596/978-1-4648-1440-2 · Cited by 501
Policy Intervention in Debt Renegotiation: Evidence from the Home Affordable Modification Program
Agarwal, S., Amromin, G., Ben-David, I., Chomsisengphet, S., Piskorski, T., & Seru, A. (2017) · Journal of Political Economy · doi:10.1086/691701 · Cited by 291
How does digital inclusive finance affect carbon intensity?
Lee, C.-C., & Wang, F. (2022) · Economic Analysis and Policy · doi:10.1016/j.eap.2022.05.010 · Cited by 259
Huang, S. (2022) · Economic Analysis and Policy · doi:10.1016/j.eap.2022.03.014 · Cited by 120
Metadata
- Authors
- VIG, V.
- Venue
- The Journal of Finance
- Publisher
- Wiley
- Published
- 2013-05-20
- Volume
- 68
- Issue
- 3
- Pages
- 881-928
- ISSN
- 0022-1082 (ISSN-L)
- 1540-6261
- OpenAlex
- W2555124086
- Cited by
- 602
- References
- 5
- FWCI
- 123.68
- Type
- journal article
- Language
- en
- Open access
- green
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
What counts as a claim ›How we measure confidence ›How we check this ›
Are you an author, or do you see a problem with this page? Request a review
How to cite
Cite CoChat for the checks on this page, and the paper for its own findings.
- This page
- CoChat. (2026). Citation check: Access to Collateral and Corporate Debt Structure: Evidence from a Natural Experiment. https://app.cochat.ai/papers/10.1111/jofi.12020
- The paper
- VIG, V. (2013). Access to Collateral and Corporate Debt Structure: Evidence from a Natural Experiment. The Journal of Finance. https://doi.org/10.1111/jofi.12020
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.