Function of collateral as a medium of communication in asset based lending - a comparative analysis between Japan and US

• Project/Area Number: 24830111
• Research Category: Grant-in-Aid for Research Activity Start-up
• Allocation Type: Single-year Grants
• Research Field: Public finance/Monetary economics
• Research Institution: Kansai Gaidai University
• Principal Investigator: KINJO Aki 関西外国語大学, 外国語学部, 教授 (00636946)
• Project Period (FY): 2012-08-31 – 2014-03-31
• Project Status: Completed (Fiscal Year 2013)
• Budget Amount: ¥3,120,000 (Direct Cost: ¥2,400,000、Indirect Cost: ¥720,000); Fiscal Year 2013: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000); Fiscal Year 2012: ¥1,690,000 (Direct Cost: ¥1,300,000、Indirect Cost: ¥390,000)
• Keywords: ABL / アセット・ベースト・レンディング / 担保 / 在庫 / 売掛債権 / 動産債権担保融資

Research Abstract

This study reviled that when inventory and accounts receivable become collateral, they function as a medium of communication between lender and borrower, through researching market practice in the US and Japan. Furthermore, this research showed that Asset Based Lending (ABL) which is a lending technology that uses business assets as collateral has a different characteristic compared to real estate whose primary function is mitigating loss of the secured lender in an event of default by liquidating the collateral.

Research Products

• [Journal Article] Asset Based Lending (ABL) in Japan : The Implications of Establishing Accounts Receivable as Collateral (2014)
  • Author(s): 金城亜紀
  • Journal Title: 関西外国語大学研究論集 Volume: 99巻 (他2件査読付ジャーナルに投稿中) Pages: 71-86
  • Peer Reviewed
• [Journal Article] Asset Based Lending (ABL) in Japan: The Implications of Establishing Inventory and Accounts Receivable as Collateral (2014)
  • Author(s): 金城亜紀
  • Journal Title: 関西外国語大学 研究論集 Volume: 99 Pages: 71-86
  • NAID: 110009781019
  • Peer Reviewed
• [Presentation] Implications of Establishing Accounts Receivable as Collateral : A Case Study (2014)
  • Author(s): 金城亜紀
  • Organizer: 日本金融学会
  • Place of Presentation: 慶應義塾大学
  • Year and Date: 2014-05-25
• [Presentation] Implications of Establishing Inventory and Accounts Receivable as Collateral: A Case Study (2014)
  • Author(s): 金城亜紀
  • Organizer: 日本金融学会
  • Place of Presentation: 慶應義塾大学
• [Presentation] ケーススタディーにみるアセット・ベースト・レンディング (ABL) が地方銀行の融資業務に与える影響 (2013)
  • Author(s): 金城亜紀
  • Organizer: 九州経済学会
  • Place of Presentation: 大分大学
  • Year and Date: 2013-12-07
• [Presentation] Function of Collateral when Asset Class is Accounts Receivables and Inventory : A Comparative Analysis of Japanese and US Bank Inspection Manuals (2013)
  • Author(s): 金城亜紀
  • Organizer: 日本金融学会
  • Place of Presentation: 一橋大学
  • Year and Date: 2013-05-25
• [Presentation] Function of Collateral when Asset Class is Accounts Receivables and Inventory: A Comparative Analysis of Japanese and US Bank Inspection Manuals (2013)
  • Author(s): 金城亜紀
  • Organizer: 日本金融学会
  • Place of Presentation: 一橋大学
• [Presentation] ケーススタディーにみるアセット・ベースト・レンディング（ABL)が地方銀行の融資業務に与える影響 (2013)
  • Author(s): 金城亜紀
  • Organizer: 九州経済学会
  • Place of Presentation: 大分大学
• [Presentation] Function of Collateral when Asset Class is Account Receivables and Inventory: A Comparative Analysis of Japanese and US Bank Inspection Manuals (2013)
  • Author(s): 金城亜紀
  • Organizer: 日本金融学会2013年度春季大会
  • Place of Presentation: 一橋大学
• [Presentation] ABL (Asset Based Lending) と事業会社のリスクマネジメント (2012)
  • Author(s): 金城亜紀
  • Organizer: 日本価値創造ERM学会, 24年度第5回研究会
  • Place of Presentation: 明治大学
  • Year and Date: 2012-09-21
• [Presentation] ABL (Asset Based Lending)と事業会社のリスクマネジメント (2012)
  • Author(s): 金城亜紀
  • Organizer: 日本価値創造ERM学会24年度第5回研究発表会
  • Place of Presentation: 明治大学
  • Invited