search query: @author Thompson, J. / total: 18
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| Author: | Haubrich, J. Thompson, J. |
| Title: | Loan sales, implicit contracts, and bank structures |
| Journal: | Review of Quantitative Finance and Accounting
1996 : VOL. 7:2, p. 137-162 |
| Index terms: | FINANCE ACCOUNTING BANKING |
| Language: | eng |
| Abstract: | The authors of this paper document some recent changes in the market for loan sales. They then test the main implications of several prevailing theories, using a Tobit model to relate loan sales and purchases to bank size, capital, risk, and funding mode. The results, though not definitive, broadly confirm the Pennacchi funding cost model of sales. Other data cast doubt on the importance of mergers and acquisitions for this market and on the comparability of different data sources. |
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