Established in 1988, the Shingo Prize for Operational Excellence recognises organisations in the USA, Mexico and Canada …

effect). This study has practical implications for regulators, corporations and investors, both in the USA and abroad. …

Since the start of the financial crisis, various forms of securitization have been criticized for causing the problems … to this market. Our study focuses on the use of receivables securitization by non-financial firms, and we investigate who … filings of 242 users of securitization across the fiscal years 2006 and 2007, and combining it with accounting information …

more effective than providing it at the time of bankruptcy.Theories of financial intermediation suggest that securitization … Seru, and Vikrant Vig, examines this question using a unique dataset of securitized subprime mortgage loans. We exploit a … rule of thumb in the lending market to generate exogenous variation in the ease of securitization and compare the …

The paper provides a framework for analyzing the development of securitization as a vehicle for funding loans. Broadly … intermediaries originating and holding the loans and funding them mainly with debt, most often deposits, and the securitization model … issue with securitization is that while securities markets are efficient sources of funding, they also involve agency costs …

tensions were triggered by concerns about exposures of financial institutions to the most risky segment of the US mortgage … markets -the so-called subprime mortgage market- and related financial instruments, which predominantly were related to … instruments. The first one played an important role in the initiation and propagation of the turmoil and includes mortgage …