Purpose As the influence of institutional investors over managerial decision-making grows, so does the importance of understanding the effect of institutional investor ownership (IO) on firm outcomes. The authors take a comprehensive approach to studying the effect of IO on earnings management...

This paper analyzes the determinants of asset securitization in Spanish banks during the period 1999-2007. We distinguish savings banks (Cajas) from the rest of banks, mainly commercial banks, and compare both their decision to securitize and the volume of securitization. Asset securitization...