Theory suggests that securitization provides financial institutions with an opportunity to lower the cost of funding … adverse consequences through a number of indirect channels. Therefore, the net impact of securitization on bank performance is … ambiguous. This study aims to evaluate whether banks improve their performance through the use of securitization markets by …

This study examines the relationship between securitization and loan performance using proprietary loan-level data from … retained on the bank's balance sheet, suggesting no adverse selection or moral hazard within the Chinese securitization market … alters banks' business model and eliminates other options of credit risk transfer except for securitization, we show worse …