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 …

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. …

more effective than providing it at the time of bankruptcy.Theories of financial intermediation suggest that securitization … rule of thumb in the lending market to generate exogenous variation in the ease of securitization and compare the … composition and performance of lenders' portfolios around this threshold. Conditional on securitization, a portfolio that is more …

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 …