BHC Risk Control and Asset Securitization Characteristics
Date Issued
2015
Date
2015
Author(s)
Cai, Meng-Ru
Abstract
This paper finds the effect of the risk control variables of bank holding companies (BHCs) on the asset securitization characteristics. The empirical result shows that BHCs with better risk management committee and whether CRO is the top 5 salary paid officer in the BHC is negatively associated with retained interests. However, if there is a CRO or CRO is an executive officer in the BHC, then the BHC will do more securitization, which means the power of risk control has two opposite sides of effect on the asset securitization characteristics. Besides, during the financial crisis period, the negative relationship between risk control variables and asset securitization characteristics is weakened.
Subjects
Risk Management Index
Asset Securitization
BHC
Risk Control
Type
thesis
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ntu-104-R02723025-1.pdf
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