Institutional framework of state property pledge in nizhniy Novgorod Rregion
Collateral legal relations are an important factor of the investment process development. They reduce opportunistic loan risks and increase partners’ confidence within the transaction. The mortgage fund of Nizhniy Novgorod region is nowadays involved in the implementation of investment and innovat...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Russian Academy of Sciences, Institute of Economics of the Ural Branch
2012-09-01
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| Series: | Экономика региона |
| Subjects: | |
| Online Access: | http://www.economyofregion.com/archive/2012/41/1974/pdf/ |
| _version_ | 1827848327093288960 |
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| author | Tat'yana Nikolaevna Danilova Mariya Nikolaevna Lamottke Ol'ga L'vovna Guseva |
| author_facet | Tat'yana Nikolaevna Danilova Mariya Nikolaevna Lamottke Ol'ga L'vovna Guseva |
| author_sort | Tat'yana Nikolaevna Danilova |
| collection | DOAJ |
| description | Collateral legal relations are an important factor of the investment process development. They reduce opportunistic loan risks
and increase partners’ confidence within the transaction. The mortgage fund of Nizhniy Novgorod region is nowadays involved in the
implementation of investment and innovation projects up to 70%. Although theinstitutionalenvironment of regional collateral relation
has drastically improved in the last 11 years, the current status is far away from the ideal. Imperfect legal framework of collateral legal
relations with the public property leads not only to information asymmetry, but also to a reduced states’ incomefrom thesetransactions.
The paper analyzes the current legislative pledge of state property, describes the main steps of its modernization, identifies the positive
aspects and trends, as well as deficiencies, provides and gives a proof of necessary legal framework changes aimed at collateral financial
relations efficiency improvement in the region |
| first_indexed | 2024-03-12T09:45:24Z |
| format | Article |
| id | doaj.art-baca79bac98449b285b56afeb300b2c9 |
| institution | Directory Open Access Journal |
| issn | 2072-6414 2411-1406 |
| language | English |
| last_indexed | 2024-03-12T09:45:24Z |
| publishDate | 2012-09-01 |
| publisher | Russian Academy of Sciences, Institute of Economics of the Ural Branch |
| record_format | Article |
| series | Экономика региона |
| spelling | doaj.art-baca79bac98449b285b56afeb300b2c92023-09-02T12:55:35ZengRussian Academy of Sciences, Institute of Economics of the Ural BranchЭкономика региона2072-64142411-14062012-09-012012313314010.17059/2012-3-12Institutional framework of state property pledge in nizhniy Novgorod RregionTat'yana Nikolaevna Danilova0Mariya Nikolaevna Lamottke1Ol'ga L'vovna Guseva2Russian Presidential Academy of National Economy and Public Administration — Nizhniy Novgorod Institute of ManagementRussian Presidential Academy of National Economy and Public Administration — Nizhniy Novgorod Institute of ManagementMinistry of State Property and Land Resources of Nizhniy Novgorod region Collateral legal relations are an important factor of the investment process development. They reduce opportunistic loan risks and increase partners’ confidence within the transaction. The mortgage fund of Nizhniy Novgorod region is nowadays involved in the implementation of investment and innovation projects up to 70%. Although theinstitutionalenvironment of regional collateral relation has drastically improved in the last 11 years, the current status is far away from the ideal. Imperfect legal framework of collateral legal relations with the public property leads not only to information asymmetry, but also to a reduced states’ incomefrom thesetransactions. The paper analyzes the current legislative pledge of state property, describes the main steps of its modernization, identifies the positive aspects and trends, as well as deficiencies, provides and gives a proof of necessary legal framework changes aimed at collateral financial relations efficiency improvement in the regionhttp://www.economyofregion.com/archive/2012/41/1974/pdf/institutionalisminstitutedealtransactioninformation asymmetrycollateralreal estatestate property |
| spellingShingle | Tat'yana Nikolaevna Danilova Mariya Nikolaevna Lamottke Ol'ga L'vovna Guseva Institutional framework of state property pledge in nizhniy Novgorod Rregion Экономика региона institutionalism institute deal transaction information asymmetry collateral real estate state property |
| title | Institutional framework of state property pledge in nizhniy Novgorod Rregion |
| title_full | Institutional framework of state property pledge in nizhniy Novgorod Rregion |
| title_fullStr | Institutional framework of state property pledge in nizhniy Novgorod Rregion |
| title_full_unstemmed | Institutional framework of state property pledge in nizhniy Novgorod Rregion |
| title_short | Institutional framework of state property pledge in nizhniy Novgorod Rregion |
| title_sort | institutional framework of state property pledge in nizhniy novgorod rregion |
| topic | institutionalism institute deal transaction information asymmetry collateral real estate state property |
| url | http://www.economyofregion.com/archive/2012/41/1974/pdf/ |
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