to the changes in spreads of Greek bonds during the crisis. We support our argument by presenting results from text … negativer Narrative über die Zukunft zu den Veränderungen der Spreads griechischer Anleihen während der Krise beigetragen hat …

to the changes in spreads of Greek bonds during the crisis. We support our argument by presenting results from text … negativer Narrative über die Zukunft zu den Veränderungen der Spreads griechischer Anleihen während der Krise beigetragen hat …

; thus, if investors anticipate these incentives, equity retention should lead to low credit spreads. Employing OLS and … instrumental variables regressions, we empirically examine the effect of retention on spreads. Our analysis, based on a unique … dataset of securitizations, reveals that the effects highly depend on the considered investment type. Credit spreads decrease …

efforts; thus, if investors anticipate these incentives, equity retention should lead to low credit spreads. Employing OLS and … instrumental variables regressions, we empirically examine the effect of retention on spreads. Our analysis, based on a unique … dataset of securitizations, reveals that the effects highly depend on the considered investment type. Credit spreads decrease …