Results 191 to 200 of about 1,904 (243)

A multidimensional knapsack model for asset-backed securitization

Journal of the Operational Research Society, 2002
Summary: Securitization is a financial operation which allows a financial institution to transform financial assets, for instance mortgage assets or lease contracts, into marketable securities. We focus the analysis on a real case of a bank for the leasing.
Renata Mansini
exaly   +3 more sources

The economics of asset securitization [PDF]

open access: yes, 2005
Ronel Elul explains why asset-backed securities exist and discusses some reasons for their common structure. Elul notes that despite well-developed theories on the what and why of securitization, more research is needed. In particular, additional research could uncover the effect that government regulation and bankruptcy law have on securitization.
Ronel Elul
openaire   +1 more source

Asset Securitization and Asymmetric Information

open access: yesThe Journal of Legal Studies, 2005
Abstract We analyze the incentives for asset securitization that flow from informational asymmetries within a corporation. Within the framework of “hidden‐action” asymmetries, securitization of those cash flows that are relatively insensitive to managerial effort leaves critical incentive devices more high powered and more focused on cash flows that ...
Edward M. Iacobucci, Ralph A. Winter
openaire   +2 more sources

Asset price, asset securitization and financial stability [PDF]

open access: yes, 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
Liu, L., Deng, X.
core   +3 more sources

Basel III and asset securitization [PDF]

open access: yes, 2020
PhD (Economics), North-West University, Mafikeng Campus ...
M A Petersen   +3 more
openaire   +2 more sources

Application of Blockchain in Asset-Backed Securitization

2020 IEEE 6th Intl Conference on Big Data Security on Cloud (BigDataSecurity), IEEE Intl Conference on High Performance and Smart Computing, (HPSC) and IEEE Intl Conference on Intelligent Data and Security (IDS), 2020
one of the most important emerging technologies in the recent years, blockchain has been well developed and widely used in many domains, including financial business systems. One of such financial business systems, traditionally called AssetBacked securitization (ABS), suffers from several shortcomings such as information asymmetry, credit rating ...
Wenxuan Pan, Meikang Qiu
openaire   +1 more source

Asset Securitization, Securitization Recourse, and Information Uncertainty

The Accounting Review, 2011
ABSTRACT: In this study, we examine some of the consequences of asset securitization. Specifically, using a sample of bank holding companies, we investigate whether the difficulty in assessing the true extent of risk transfer, between securitizing banks and investors in asset-backed securities, affects bank information uncertainty.
Mei Cheng   +2 more
openaire   +1 more source

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   +2 more
openaire   +1 more source

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