Off-balance sheet financings and securitization in particular, are viewed by many as the culprits of the 2007 financial meltdown. In a securitization transaction, assets are sold to a special purpose entity that finances the acquisition by issuing debt securities at various seniority levels to...

The document deals with the accounting for asset backed securities under International Financial Reporting Standards (IFRS). Such transactions involve the sale of financial assets (usually receivables) by the originator of these assets to a special purpose entity. To finance the purchase price,...

This dissertation examines several research questions relating to securitization by non-financial firms. Finance theories suggest securitization is most beneficial when there is high demand for liquidity. On the other hand, empirical studies have shown that firms engage in securitization to...