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Asymmetric information and the securitization of SME loans

Albertazzi, Ugo; Bottero, Margherita; Gambacorta, Leonardo - 2017

Persistent link: https://www.econbiz.de/10011619325

SME financing and securitization: firm-level evidence from the euro area

Kaya, Orcun; Masetti, Oliver - In: Essays on empirical macro-finance: the impact of …, (pp. 93-121). 2017

Persistent link: https://www.econbiz.de/10011900928

SME Financing and Securitization : Firm‐Level Evidence from the Euro Area

Kaya, Orcun - 2018

the euro area. Using firm‐level survey data on SME financing conditions, we show that an increase in securitization …This paper analyzes the impact of securitization on access to finance for small and medium‐sized enterprises (SMEs) in … firms. Our results reveal that in addition to the volume of securitization, its type and quality matter for credit extension …

Persistent link: https://www.econbiz.de/10012915560

Asymmetric Information and AHE Securitization of SME Loans

Albertazzi, Ugo - 2017

securitization market by looking at the correlation between the securitization (risk-transfer) and the default (accident) probability … a strong relationship is a credible enough commitment to monitor after securitization. Importantly, the selection of …

Persistent link: https://www.econbiz.de/10012966394

Small Business Equity Returns : Empirical Evidence from the Business Credit Card Securitization Market

Fleckenstein, Matthias; Longstaff, Francis A. - 2022

We present a new approach for estimating small business equity returns. This approach applies the Merton (1974) credit model to the returns on entrepreneurial business credit card debt securitizations and solves for the implied equity returns for the small businesses owned by the cardholders....

Persistent link: https://www.econbiz.de/10014239490

Small business equity returns : empirical evidence from the business credit card securitization market

Fleckenstein, Matthias; Longstaff, Francis A. - In: The journal of finance : the journal of the American … 78 (2023) 1, pp. 389-425

Persistent link: https://www.econbiz.de/10014311362

What drives enterprise asset-backed securitization in China?

Gao, Bei; Jin, Yanbo; Zou, Jingxian - In: Applied economics 56 (2024) 10, pp. 1191-1207

Persistent link: https://www.econbiz.de/10014446556

Better be careful : the replenishment of ABS backed by SME loans

Fenner, Arved; Klein, Philipp; Mössinger, Carina - 2021

We investigate the replenishment of 102 asset-backed securities (ABS) backed by more than 1.7 million small- and medium-sized enterprise loans. Based on our extensive data set from 2012 to 2017 obtained from the first and only central loan-level repository for ABS in Europe, we reveal that loans...

Persistent link: https://www.econbiz.de/10012617561

Kreditderivate : Gestaltungsmöglichkeiten, bankenaufsichtsrechtliche Behandlung und der Handel mittelständischer Kreditrisiken

Sievers, Maren - 2009 - 1. Aufl.

Persistent link: https://www.econbiz.de/10003853807

Revitalizing Securitization for Small and Medium-Sized Enterprises in Europe

Aiyar, Shekhar - 2015

access to alternative, long-term finance through securitization would limit their exposure to banking sector difficulties and … securitization market in Europe and proposes a comprehensive multi-faceted strategy to support its development through regulatory …-quality securitization (HQS) comprising simple, transparent and efficient asset structures receiving preferential regulatory treatment …

Persistent link: https://www.econbiz.de/10014412134