https://scholars.lib.ntu.edu.tw/handle/123456789/579982
標題: | Bank management expertise and asset securitization policies | 作者: | Chen T.-K HSIEN-HSING LIAO Ye J.-S. |
公開日期: | 2019 | 卷: | 109 | 來源出版物: | Journal of Banking and Finance | 摘要: | We explore how the expertise of a bank holding company's management team affects its asset securitization policies. We find management team members with an MBA degree and top management experience securitize more low risk loans while those with core functional executive positions securitize fewer high risk loans. In addition, internal liquidity, governance quality, and risk management quality moderate these effects. Moreover, risk management concerns are the main driver of the negative effect of the percentage of core functional executives on asset securitization. We also provide evidence that core functional executives deem securitized mortgage loans riskier after the subprime crisis. ? 2019 Elsevier B.V. |
URI: | https://www.scopus.com/inward/record.uri?eid=2-s2.0-85073967898&doi=10.1016%2fj.jbankfin.2019.105667&partnerID=40&md5=a025545aa98d4b8f20be30d0d8182972 https://scholars.lib.ntu.edu.tw/handle/123456789/579982 |
ISSN: | 03784266 | DOI: | 10.1016/j.jbankfin.2019.105667 |
顯示於: | 財務金融學系 |
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