collateral value

In addition, only collateral value of assets has significant influence on the long term debt ratio, and the influence direction is positive.

It is shown that, when both the high-risk type and the low-risk type provide the equal collateral value to the bank, their loan interest rates are also equal.

Growth rate, size, collateral value and the capacity to generate internal resources, does not have any great impact on capitalization choices of Chinese pharmaceutical firms.