Is there a paradox of pledgeability?

Bernhardt, Dan, Koufopoulos, Kostas and Trigilia, Giulio (2020) Is there a paradox of pledgeability? Journal of Financial Economics. pp. 606-611. ISSN 0304-405X



  • Bernhardt, Dan
  • Koufopoulos, Kostas (
  • Trigilia, Giulio
Copyright, Publisher and Additional Information: © 2020 Elsevier B.V. All rights reserved. This is an author-produced version of the published paper. Uploaded with permission of the publisher/copyright holder. Further copying may not be permitted; contact the publisher for details
Keywords: Collateral, Secured debt, Pledgeability
  • Accepted: 18 April 2020
  • Published: 15 May 2020
Institution: The University of York
Academic Units: The University of York > Faculty of Social Sciences (York) > Economics and Related Studies (York)
Depositing User: Pure (York)
Date Deposited: 11 May 2020 14:00
Last Modified: 18 Aug 2023 23:15
Published Version:
Status: Published
Refereed: Yes
Identification Number:


Filename: Is_there_a_paradox_of_pledgeability_JFE_Draft_04_05_2020_.pdf

Description: Is there a paradox of pledgeability (JFE Draft, 04-05-2020)

Licence: CC-BY-NC-ND 2.5