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Securitization by Banks and Finance Companies: Efficient Financial Contracting or Regulatory Arbitrage?
8 references·10 citing·50 second hop
Securitization by Banks and Finance Companies: Efficient Financial Contracting or Regulatory Arbitrage? (2004)Securitization by Banks and Finance Compa…Special Purpose Vehicles and Securitization (2005)Special Purpose Vehicles and …Does Regulatory Capital Arbitrage, Reputation, or Asymmetric Information Drive Securitization? (2005)Does Regulatory Capital Arbit…Default Risk Sharing between Banks and Markets: The Contribution of Collateralized Debt Obligations (2005)Default Risk Sharing between …Reputation and Discretion in Financial Contracting (2004)Reputation and Discretion in …What is the value of recourse to asset-backed securities? A clinical study of credit card banks (2003)What is the value of recourse…What Will Technology Do to Financial Structure? (1999)What Will Technology Do to Fi…Banks and loan sales Marketing nonmarketable assets (1995)Banks and loan sales Marketin…Reputation Acquisition in Debt Markets (1989)Reputation Acquisition in Deb…Determinants of European Banks' Engagement in Loan Securitization (2016)Determinants of European Bank…Securitization: A Financing Vehicle for All Seasons? (2015)Securitization: A Financing V…Leverage pro-cyclicality and securitization in US banking (2014)Leverage pro-cyclicality and …Mortgage Loan Securitization and Relative Loan Performance (2013)Mortgage Loan Securitization …Determinants of Loan Securitization in European Banking (2013)Determinants of Loan Securiti…Why Do Banks Securitize Their Assets? Bank-Level Evidence from Over One Hundred Countries (2010)Why Do Banks Securitize Their…Corporate Taxes and Securitization (2010)Corporate Taxes and Securitiz…Standard-Setting Issues and Academic Research Related to the Accounting for Financial Asset Transfers (2007)Standard-Setting Issues and A…Determinants of banks' engagement in loan securitization ⁄ (2007)Determinants of banks' engage…Banking and Securitization (2007)Banking and SecuritizationMarkets and hierarchies, analysis and antitrust implications : a study in the economics of internal organization (1975)Labor Contracts as Partial Gift Exchange (1982)Initial Public Offerings and Underwriter Reputation (1990)Financial System Architecture (1997)So what do I get? The bank's view of lending relationships (2006)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)The market for “lemons”: quality uncertainty and the market mechanism (1984)Inside the black box: What explains differences in the efficiencies of financial institutions? (1997)Banks' Advantage in Hedging Liquidity Risk: Theory and Evidence from the Commercial Paper Market (2003)How Big a Problem is Too Big to Fail? A Review of Gary Stern and Ron Feldman's Too Big to Fail: The Hazards of Bank Bailouts (2006)Digital Financial Inclusion and Farmers’ Vulnerability to Poverty: Evidence from Rural China (2020)The Pricing of Options and Corporate Liabilities (1973)Theory of Rational Option Pricing (1973)ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)A Comparative Analysis of Ex Ante Credit Spreads: Structured Finance Versus Straight Debt Finance (2013)Financial Structure and Financing Constraints: Evidence on Small- and Medium-Sized Enterprises in China (2018)Securitization, bank behaviour and financial stability: A systematic review of the recent empirical literature (2018)Limited-dependent and qualitative variables in econometrics (1983)Emerging problems with the Basel Capital Accord: Regulatory capital arbitrage and related issues (2000)Did Securitization Lead to Lax Screening? Evidence from Subprime Loans* (2010)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Agency Problems and the Theory of the Firm (1980)Credit Rationing in Markets with Imperfect Information (1981)The importance of relationships to the availability of credit (1998)Herding among Investment Newsletters: Theory and Evidence (1999)The Digitization of Word of Mouth: Promise and Challenges of Online Feedback Mechanisms (2003)A Non-cooperative Equilibrium for Supergames (1971)Noncooperative Collusion under Imperfect Price Information (1984)Relational Contracts and the Theory of the Firm (2002)Did Securitization Lead to Lax Screening? Evidence from Subprime Loans (2008)Securitized Banking and the Run on Repo (2009)Rating Agency Adjustments to GAAP Financial Statements and Their Effect on Ratings and Credit Spreads (2014)Determinants of corporate borrowing (1977)A Liquidity-based Model of Security Design (1999)Adverse Selection in Mortgage Securitization (2010)SECURITIZATION AND MORTGAGE DEFAULT (2011)Securitization and Bank Performance (2013)Event-study methodology under conditions of event-induced variance (1991)The New Issues Puzzle (1995)Detecting long-run abnormal stock returns: The empirical power and specification of test statistics (1997)Liquidity Production in 21st Century Banking (2008)Securitization and Insider Trading (2013)The Flip Side of Financial Synergies: Coinsurance Versus Risk Contamination (2013)Bank Runs, Deposit Insurance, and Liquidity (1983)Corporate Control, Portfolio Choice, and the Decline of Banking (1995)The role of information asymmetry and financial reporting quality in debt trading: Evidence from the secondary loan market (2008)Originate-to-distribute Model and the Subprime Mortgage Crisis (2010)Does Credit Securitization Reduce Bank Risk? Evidence from the European CDO Market (2007)The Impacts of Securitization on US Bank Holding Companies (2008)Does securitization reduce credit risk taking? Empirical evidence from US bank holding companies (2011)
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References

  • 1989Reputation Acquisition in Debt Markets1,627 cited
  • 1995Banks and loan sales Marketing nonmarketable assets605 cited
  • 2004Reputation and Discretion in Financial Contracting526 cited
  • 2005Special Purpose Vehicles and Securitization226 cited
  • 2005Does Regulatory Capital Arbitrage, Reputation, or Asymmetric Information Drive Securitization?218 cited
  • 1999What Will Technology Do to Financial Structure?112 cited
  • 2005Default Risk Sharing between Banks and Markets: The Contribution of Collateralized Debt Obligations106 cited
  • 2003What is the value of recourse to asset-backed securities? A clinical study of credit card banks71 cited

Cited by

  • 2013Mortgage Loan Securitization and Relative Loan Performance79 cited
  • 2013Determinants of Loan Securitization in European Banking58 cited
  • 2007Banking and Securitization44 cited
  • 2016Determinants of European Banks' Engagement in Loan Securitization42 cited
  • 2010Why Do Banks Securitize Their Assets? Bank-Level Evidence from Over One Hundred Countries42 cited
  • 2010Corporate Taxes and Securitization38 cited
  • 2014Leverage pro-cyclicality and securitization in US banking

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35 cited
  • 2007Standard-Setting Issues and Academic Research Related to the Accounting for Financial Asset Transfers34 cited
  • 2007Determinants of banks' engagement in loan securitization ⁄31 cited
  • 2015Securitization: A Financing Vehicle for All Seasons?27 cited