search query: @author Thomas, H. / total: 69
reference: 10 / 69
Author: | Thomas, H. |
Title: | Effects of asset securitization on seller claimants |
Journal: | Journal of Financial Intermediation
2001 : JUL-OCT, VOL.10:3-4, p. 306-330 |
Index terms: | DEBT SECURITIES SHAREHOLDERS STOCK MARKETS |
Language: | eng |
Abstract: | This study analyzes effects on debt and equity claimants of asset sales into securitizations. Shareholders' returns are increasing in shareholder capitalization. Average losses to shareholders in mortgage-backed securities issuers are explained historically. First time issuance and increased securitization frequency are shareholder-wealth-increasing. |
SCIMA