O motywach i skutkach sekurytyzacji w swietle wynikow badan empirycznych

• Authors: Jackowicz Krzysztof

Title variants

EN

ABOUT MOTIVES BEHIND SECURITIZATION AND ITS IMPLICATIONS: AN OVERVIEW OF EMPIRICAL FINDINGS

• Languages of publication: PL

Abstracts

EN

This article reviews empirical findings concerning motives behind securitization and its implications. It turns out that the main reasons for securitization are: earnings management, regulatory capital arbitrage, liquidity management and funding problems. Securitization favours risk taking by entities in bad financial conditions and weakens, in some cases, incentives for careful screening of potential borrowers. On the macroeconomic level securitization lowers credit interest rates in the long term.

Keywords

EN

EARNINGS MANAGEMENT; SECURITIZATION

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Wyższa Szkoła Finansów i Zarządzania w Warszawie
• Journal: Contemporary Economics
• Year: 2010
• Issue: 1(13)
• Pages: 59-78
• Document type: ARTICLE

Contributors

author

Jackowicz Krzysztof

• Krzysztof Jackowicz, Akademia Leona Kozminskiego, ul. Jagiellonska 57/59, 03-301 Warszawa, Poland

Identifiers

CEJSH db identifier

11PLAAAA09264