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Therefore, we consider our macroeconomic variables to be suitable on the collateral level as well.
end{aligned} (5)Table 6 shows descriptive statistics for the variables on the collateral level.20.20
Table 6 Descriptive statistics on the collateral level Variable Description Mean Median Min.
We analyze whether and how the result on the collateral level influences the recovery rate, i.e., the borrower level.
The analysis of individual collateral (collateral level) in Sect. 4 includes all 909 debtors and considers all collateral for which the workout-process is completed.
Whether a debtor or a particular item of collateral was included in our analysis at the borrower or the collateral level is illustrated in Fig. 1.
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Open image in new window Fig. 6 Borrower and collateral levels.
Open image in new window Fig. 1 Inclusion of cases in the borrower and collateral levels.
The combined analysis at the borrower and collateral levels should, therefore, be a crucial part of the analysis of factors influencing the recovery rate in future empirical studies.
The cross-cutting issues relevant to developing guidelines, including the importance of community level collateral benefits in low income settings, and the need for flexibility and careful consideration of communication issues in policies and procedures, are highlighted in the discussion.
Consequently, the issues related to the developing Malay reserve land are centered on the legislative obstacles such as restrictions in land dealing, collateral, and multi-level ownerships.
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