2013 Fiscal Year Final Research Report
Function of collateral as a medium of communication in asset based lending - a comparative analysis between Japan and US
| Project/Area Number |
24830111
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| Research Category |
Grant-in-Aid for Research Activity Start-up
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| Allocation Type | Single-year Grants |
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| Research Field |
Public finance/Monetary economics
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| Research Institution | Kansai Gaidai University |
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Principal Investigator |
KINJO Aki 関西外国語大学, 外国語学部, 教授 (00636946)
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| Project Period (FY) |
2012-08-31 – 2014-03-31
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| Keywords | ABL / アセット・ベースト・レンディング / 担保 / 在庫 / 売掛債権 |
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| 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.
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