Kong, Wenkai; Huang, Juanjuan - In: Economics : the open-access, open-assessment journal 19 (2025) 1, pp. 1-21
We investigate the wealth effect of asset securitization in real estate and infrastructure sectors on issuing firms, based on data from 859 listed companies in China, the world's largest developing country. The data come from a manual match to securitization issuance records, spanning from 2014...