Haubrich, Joseph G; Thomson, James B - In: Review of Quantitative Finance and Accounting 7 (1996) 2, pp. 137-62
We document some recent changes in the market for loan sales. We then test the main implications of several prevailing theories, using a Tobit model to relate loan sales and purchases to bank size, capital, risk, and funding mode. The results, though not definitive, broadly confirm the Pennacchi...