This research explores the effects of securitization on banks equity risk exposure. A widespread opinion before the … crisis of 2007–2008 was that securitization enhances financial stability. We provide empirical evidence of the impact of … securitization on the market's perception of the originating banks’ risk exposure before and after the crisis, in terms of systematic …

Purpose – The purpose of this study was to examine the 2007-2009 financial crisis to analyze how securitization relates … regressors, including two securitization dummy variables plus a vector of control variables. Findings -Our results show that the … impact of securitization on the originators risk-taking is not uniform. When credit risk is considered, the securitization …