標題: Bank management expertise and asset securitization policies
作者: Chen, Tsung-Kang
Liao, Hsien-Hsing
Ye, Jing-Syuan
管理科學系
Department of Management Science
關鍵字: Asset securitization;Management team expertise;Bank holding companies;Internal liquidity;Risk management quality
公開日期: 1-Dec-2019
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. (C) 2019 Elsevier B.V. All rights reserved.
URI: http://dx.doi.org/10.1016/j.jbankfin.2019.105667
http://hdl.handle.net/11536/153456
ISSN: 0378-4266
DOI: 10.1016/j.jbankfin.2019.105667
期刊: JOURNAL OF BANKING & FINANCE
Volume: 109
起始頁: 0
結束頁: 0
Appears in Collections:Articles