Wealth Effects of Credit Risk Securitization in European Banking

Material TypeArticleLanguageEnglish
TitleWealth Effects of Credit Risk Securitization in European Banking Author(S)Andr Uhde (Author)
Abstract  Using a unique cross-sectional dataset of 381 cash and synthetic securitizations issued by 53 banks from the EU-15 plus Switzerland between 1997 and 2007, this paper provides empirical evidence for time-dependent negative wealth effects of credit risk securitization announcements in European banking ...Paginationp193–228
SubjectEconomicsDescriptorsEconomics
Journal TitleJournal of Business Finance & Accounting  
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