Results 151 to 160 of about 344 (202)

Securitizations of “New Asset” Classes

The Journal of Structured Finance, 2004
Securitization was applied first to mortgage loans and later to credit card receivables. Since then, many new asset classes have been securitized, some more successfully than others. The key to success is whether the asset class can be commoditized, i.e., whether its cash flows are stable and predictable and relate to a service provided en masse to the
Ellen Welsher, James R Penrose
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Asset Securitizations and Credit Risk

The Accounting Review, 2011
ABSTRACT This study examines the sources of credit risk associated with asset securitizations and whether credit-rating agencies and the bond market differ in their assessment of this risk. Measuring credit risk using credit ratings, we find the securitizing firm's credit risk is positively related to the firm's retained interest in the ...
Mary E. Barth, Gaizka Ormazabal, Daniel J. Taylor   +2 more
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Considerations on Securitization of Bank Assets

Scientific Bulletin of the Politehnica University of Timişoara Transactions on Engineering and Management, 2023
In this paper we aim to highlight the importance of understanding securitization of banking assets. The economic and financial crisis demonstrated the importance of regulation in the banking sector, regulations which can lead to a better management of risks, balance between loans and deposits and many more.
Moise Domil, Adriana Pușcaș
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Slaves as Securitized Assets

2019
Abstract Charles Johnstone’s Chrysal, or the Adventures of a Guinea, is an “it-narrative” about the transatlantic circulation of a coin, so it is only appropriate that it appealed to readers in colonial America due to their transactions in people, currency, and objects.
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Wealth effects of asset securitization

Journal of Banking & Finance, 1996
Abstract This paper examines changes in wealth for firms that securitize assets. Findings are industry specific with wealth increase for finance companies, with no wealth change for industrial companies and automobile companies, and with wealth loss for banks.
Larry J. Lockwood, Ronald C. Rutherford, Martin J. Herrera   +2 more
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Specialist Financings: Asset Securitization

2004
Many treasurers find that at some time in their careers they are required to put some form of specialist financing in place. This financing may be a securitization of some of the company’s assets, a sale and leaseback of properties, or the stand-alone financing of a project.
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Securitization of Real Estate Assets

2012
One of the most significant financial innovations of the twentieth century was the introduction of securitization. Securitization involves pooling individual, usually illiquid, assets and using the pool as collateral for the issuance of an entirely new set of financial securities.
G. Jason Goddard, Bill Marcum
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Optimal Incentives and Securitization of Defaultable Assets

SSRN Electronic Journal, 2012
We study optimal securitization in the presence of an initial moral hazard. A financial intermediary creates and then sells to outside investors defaultable assets, whose default risk is determined by the unobservable costly effort exerted by the intermediary.
Semyon Malamud, Huaxia Rui, Andrew Whinston   +2 more
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Securitization of corporate assets and executive compensation

Journal of Corporate Finance, 2011
We examine the effect of corporate asset-backed securitization on managerial compensation. We find that CEO compensation increases after securitization of corporate assets, which is consistent with two distinct theoretical views: (1) asset-backed securitization improves the efficiency of performance-based compensation as corporate performance becomes a
Ilham Riachi, Armin Schwienbacher
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Asset price, asset securitization and financial stability [PDF]

, 2011
Prior to the Global Financial Crisis in 2008, securitization has been widely perceived as a way to disperse credit risks, and to enhance financial system’s capacity in dealing with defaults. This paper develops a model of securitization and financial stability in the form of amplification effects. This model has illustrated three different scenarios: A
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