Purpose – The purpose of this paper is to study bank executive compensation and securitization, two important strategic … relationship between securitization and executive pay in a sample of US banks from 2001 to 2010, using a series of multivariate … regression models to test our hypotheses. Findings -Bank Chief Executive Officer (CEO) pay exhibits a positive pay-for-performance …

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 …

one of the biggest financial innovations of the last century, securitization is now viewed as a contributory factor to the … crisis. Until recently research has focused on the post-1970s mortgage securitization market. In this paper, I trace the … earlier origins of securitization, from the 12th century Genoese compera through to early 20th century efforts. The historical …

securitization on the incidence of mortgage modification and foreclosure based on the early payment default analysis performed by … rates are not the result of contract frictions inherent in the mortgage securitization process. Copyright Springer Science …

actors manipulate the term through the mobilization of existential language as a prism for creating securitization discourse … energy with securitization rhetoric was ultimately determined as working against cooperative efforts, as committee conflicts …

general research questions are: i) is migration being securitized at EU level? ii) what kind of securitization process is …

Traditionally banks have used securitization for expanding credit and thus their profitability. It has been well …-rated tranche. This paper builds a simple model of securitization that accounts for the above retention strategies. Banks in the …

The paper investigates the role of CEO’s equity and risk incentives in boosting securitization in the financial … securitization transactions to a larger extent than CEOs with low incentives. We also show that CEOs with high equity and risk …-related incentives have engaged in the securitization of risky loans and have used securitization for transferring risks to outside …

Most of the blame for the present Global Financial Crisis (GFC) has been attributed to securitization and CDSs in the … problem with these securitization contracts was not the securitization of good loans, but the securitization of “lemons”. The … loans should have never been entered into in the first place. The “failure” of securitization contracts was therefore a …