search query: @author Thomas, H. / total: 69
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| 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. |
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