Multiple activities may be separated financially, allowing each to optimize its financial
structure, or combined in a firm with a single optimal financial structure. We consider …

This article examines the issues and challenges involved for institutions, policy makers, and
law-makers in less developed countries in their efforts to implement asset securitization …

This paper distinguishes between securitization, in which simple pass-through instruments
are created, and structuring, in which mortgages derivative claims are created. The point is …

We examine the factors that influence nonfinancial firms' choice of issuing standard
corporate bonds vis-à-vis contracting structured finance, in the form of project finance or …

Securitization is one of the most important innovations of modern finance. The securitization
process involves the isolation of a pool of assets or rights to a set of cash flows and the …

This paper examines the impact of securitization announcements on share prices of
multibank holding companies. Prior studies report share price responses are industry …

This dissertation examines, at both the theoretical and empirical level, what structured
finance transactions are, the motivations behind them, their benefits, features and even their …

We study the financial characteristics of structured finance (SF), either project finance loans
or asset securitization bonds, and straight debt finance (SDF)–corporate bonds–transactions …

We examine the factors that influence borrower's choice between structured finance (SF)
and straight debt finance (SDF). Using a sample of 12,075 Western European loans and …

CREDIT ENHANCEMENT AND OVERCOLlATERAlISATION When asset-backed securities
are purchased by investors, the investment risk they undertake directly relates to the credit …