Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/27882 
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dc.contributor.authorBannier, Christina E.en
dc.contributor.authorHänsel, Dennis N.en
dc.date.accessioned2009-03-24-
dc.date.accessioned2009-09-10T14:00:43Z-
dc.date.available2009-09-10T14:00:43Z-
dc.date.issued2007-
dc.identifier.piurn:nbn:de:101:1-20080827350en
dc.identifier.urihttp://hdl.handle.net/10419/27882-
dc.description.abstractThis paper provides new insights into the use of loan securitization. We analyze collateralized loan obligation (CLO) transactions by European banks from 1997 to 2004 and try to identify the influence that various firm-specific and macroeconomic factors may have on an institution's securitization decision. Our results suggest that loan securitization is an appropriate funding tool for banks with high risk and low liquidity. It may also have been used by commercial banks to indirectly access investment-bank activities and the associated gains. Regulatory capital arbitrage under Basel I does not seem to have driven the market.en
dc.language.isoengen
dc.publisher|aFrankfurt School of Finance & Management |cFrankfurt a. M.en
dc.relation.ispartofseries|aFrankfurt School - Working Paper Series |x85en
dc.subject.jelG21en
dc.subject.ddc330en
dc.subject.keywordSecuritizationen
dc.subject.keywordcredit risk transferen
dc.subject.keywordcollateralized loan obligationsen
dc.titleDeterminants of banks' engagement in loan securitization-
dc.typeWorking Paperen
dc.identifier.ppn594629586en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:fsfmwp:85en

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