Traditionally banks have used securitization for expanding credit and thus their profitability. It has been well …-rated tranche. This paper builds a simple model of securitization that accounts for the above retention strategies. Banks in the … predicted retention strategies match well those found in empirical studies. -- securitization ; tranching ; credit expansion …

This paper investigates the relationship between securitization activity and the extension of subprime credit. The … the years 2003-2005. Second, the securitization of subprime loans increased substantially over the same time period … securitization activity of investment banks was driven by forces exogenous to factors impacting lending decisions in the primary …

intermediated through arms-length transactions, such as securitization. This paper documents these trends, explores their causes … structural model to explore whether technological improvements in securitization, shifts in saver preferences away from deposits …, and changes in implicit subsidies and costs of bank activities can explain these shifts. Declines in securitization cost …

: (i) The overall performance is poor. (ii) Investors show neutral timing skills, while the main performance driver is the … issuers' price-setting. (iii) Higher risk taking by investors diminishes the performance further. Our results imply that …

performance. …

: (i) The overall performance is poor. (ii) Investors show neutral timing skills, while the main performance driver is the … issuers' price-setting. (iii) Higher risk taking by investors diminishes the performance further. Our results imply that …

performance. …

focuses on developing theoretical and empirical analysis framework to explain the fixed and performance fees, the performance … and the investor have respectively an impact on the periodic performance fees (carried interest) during the bargaining … performance and the risk of funds. To achieve our objective, we create a unique database that has an international sample of …