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This paper reviews the extant empirical studies of financial innovation. Adopting broad criteria, the authors found just two dozen studies, over half of which (fourteen) had been conducted since 2000. Since some financial innovations are examined by more than one study, only fourteen distinct...
Persistent link: https://www.econbiz.de/10010397405
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This paper conducts an in-depth analysis of structured finance asset-backed securities collateralized debt obligations … ABS/MBS securities and SF ABS CDOs. They estimate that 727 publicly traded SF ABS CDOs were issued between 1999 and 2007 … document the enormous cross-referencing of subprime securities into CDOs. They calculate that $201 billion of the underlying …
Persistent link: https://www.econbiz.de/10009216225
The authors examine investors' reactions to announcements of large seasoned equity offerings (SEOs) by U.S. financial institutions (FIs) from 2000 to 2009. These offerings include market infusions as well as injections of government capital under the Troubled Asset Relief Program (TARP). The...
Persistent link: https://www.econbiz.de/10009320870
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We examine investors’ reactions to announcements of large capital infusions by U.S. financial institutions (FIs) from 2000 to 2009. These infusions include private market infusions (seasoned equity offerings (SEOs)) as well as injections of government capital under the Troubled Asset Relief...
Persistent link: https://www.econbiz.de/10010661488
This paper reviews the extant empirical studies of financial innovation. Adopting broad criteria, the authors found just two dozen studies, over half of which (fourteen) had been conducted since 2000. Since some financial innovations are examined by more than one study, only fourteen distinct...
Persistent link: https://www.econbiz.de/10005514531
Persistent link: https://www.econbiz.de/10011287204
Persistent link: https://www.econbiz.de/10010189350
Persistent link: https://www.econbiz.de/10013369778