risk securitization announcements in European banking. Baseline results hold when comparing estimated wealth effects with a … find that the nexus between credit risk securitization, the issuing banks' overall risk exposure and wealth effects is … associated with a variety of transaction- and bank-specific factors …

1997 to 2010, this paper provides empirical evidence that loan securitization in Europe is a composite decision based on … bank-specific as well as market- and country-specific determinants. In addition, we find that these determinants remarkably … change when separately investigating securitization transactions during the pre-crisis and crisis period. Moreover, results …