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Why Did U.S. Banks Invest in Highly-Rated Securitization Tranches?
Erel, Isil - 2011
-rated tranches were economically trivial for the typical bank, but banks with greater holdings performed more poorly during the …-rated tranches are not higher for banks with large trading books in regressions that control for bank size. The ratio of highly …-rated tranches holdings to assets increases with bank assets, but not for banks with more than $50 billion of assets. This evidence …
Persistent link: https://www.econbiz.de/10012461388
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Why Did U.S. Banks Invest in Highly-Rated Securitization Tranches?
Erel, Isil - 2011
-rated tranches were economically trivial for the typical bank, but banks with greater holdings performed more poorly during the …-rated tranches are not higher for banks with large trading books in regressions that control for bank size. The ratio of highly …-rated tranches holdings to assets increases with bank assets, but not for banks with more than $50 billion of assets. This evidence …
Persistent link: https://www.econbiz.de/10013121733
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Why did US banks invest in highly-rated securitization tranches?
Erel, Isil; Nadauld, Taylor D.; Stulz, René M. - 2011
Persistent link: https://www.econbiz.de/10009266881
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Why did US banks invest in highly-rated securitization tranches?
Erel, Isil; Nadauld, Taylor D.; Stulz, René M. - 2011
Persistent link: https://www.econbiz.de/10009240502
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Are analyst trade ideas valuable?
Birru, Justin; Gokkaya, Sinan; Liu, Xi; Stulz, René M. - 2019
Persistent link: https://www.econbiz.de/10012061907
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Are analyst trade ideas valuable?
Birru, Justin; Gokkaya, Sinan; Liu, Xi; Stulz, René M. - 2019
Using a novel database, we show that the stock-price impact of analyst trade ideas is at least as large as the impact of stock recommendation, target price, and earnings forecast changes, and that investors following trade ideas can earn significant abnormal returns. Trade ideas triggered by...
Persistent link: https://www.econbiz.de/10012120228
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Credit default swaps and the credit crisis
Stulz, René M. - 2009
Persistent link: https://www.econbiz.de/10003887672
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Credit default swaps and the credit crisis
Stulz, René M. - In: The journal of economic perspectives : EP ; a journal … 24 (2010) 1, pp. 73-92
Persistent link: https://www.econbiz.de/10008747151
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Has New York become less competitive than London in global markets? : evaluating foreign listing choices over time
Doidge, Craig; Karolyi, G. Andrew; Stulz, René M. - In: Journal of financial economics 91 (2009) 3, pp. 253-277
Persistent link: https://www.econbiz.de/10003833562
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Has New York become less competitive in global markets? : Evaluating foreign listing choices over time
Doidge, Craig; Karolyi, G. Andrew; Stulz, René M. - 2007
We study the determinants and consequences of cross-listings on the New York and London stock exchanges from 1990 to 2005. This investigation enables us to evaluate the relative benefits of New York and London exchange listings and to assess whether these relative benefits have changed over...
Persistent link: https://www.econbiz.de/10003467399