This paper provides new insights into the nature of loan securitization. We analyze the use of collateralized loan …-specific and macroeconomic factors may have on an institution's securitization decision. We find that not only regulatory capital … arbitrage under Basel I has been driving the market. Rather, our results suggest that loan securitization is an optimal funding …

-specific and macroeconomic factors influencing an institution's securitization decision. CLO issuance seems to be an appropriate …. Controlling for fixed effects, we find that fixed costs of securitization are surmountable also for smaller institutions …. Interestingly, commercial banks seem to use loan securitization to access capital-market based businesses and the associated fee …

This paper provides new insights into the use of loan securitization. We analyze collateralized loan obligation (CLO … factors may have on an institution's securitization decision. Our results suggest that loan securitization is an appropriate …

This paper investigates the ex-ante determinants of bank loan securitization by using different econometric methods on … Italian individual bank data from 2000 to 2006. Our results show that bank loan securitization is a composite decision. Banks … securitization, for a larger amount and earlier. …

understanding for the motivation to originate securitization products is less discovered. Therefor this paper tries to identify main … to securitize that are in line with observable behavior of market participants. US banks use securitization mainly as … and performance improvement. For German banks securitization seems to be an appropriate funding tool. The proposed …

investigates the usage and effects of loan sales, securitization, and credit derivatives in U.S. commercial banks over the last … report higher overall riskiness in banks that engage intensively in loans sales and securitization, which translates into … securitization than for credit derivatives. …