Adverse effect of loan securitization on the stock prices of banks: empirical evidence from europe and america
This article was published in International Journal of Research in Computer Application and Management [© 2013 International Journal of Research in Computer Application and Management] and the definite version is available at : http://ijrcm.org.in/article_info.php?article_id=2959 The article website...
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International Journal of Research in Computer Application and Management
2016
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| オンライン･アクセス: | http://hdl.handle.net/10361/6323 |
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10361-63232019-09-30T03:08:27Z Adverse effect of loan securitization on the stock prices of banks: empirical evidence from europe and america Rahman, Sharmin Shabnam Book value Earnings per share International Financial Reporting Standards (IFRS) Securitization Stock price This article was published in International Journal of Research in Computer Application and Management [© 2013 International Journal of Research in Computer Application and Management] and the definite version is available at : http://ijrcm.org.in/article_info.php?article_id=2959 The article website is at:http://ijrcm.org.in/comapp/ Securitization through its influence on the off balance sheet is likely to become a crucial determinant of the stock prices after the 2007 financial meltdown. Depending on the tranche values and total assets of financial institutions, this paper tries to investigate the reaction of securitization on stock prices. The impact of securitization is analyzed by ordinary least square method in a semi panel structure model in addition to the effects of earnings and book value for the role they play in the market valuation of accounting information before and after the mandatory adoption of International Financial Reporting Standards. To supply more information to the Ohlson (1995) model, an alternative model is used in this paper. The evidence from the estimated model shows that higher securitization causes lower stock prices. Although earnings value does not have any impact on stock prices, book value has negative impact on stock prices. However, the value relevance of earnings and book value becomes significant after the compulsory introduction of IFRS. Published 2016-09-05T10:11:27Z 2016-09-05T10:11:27Z 2013-03-05 Article Rahman , S. S. (2013). Adverse effect of loan securitization on the stock prices of banks: empirical evidence from Europe and America. International Journal of Research in Computer Application and Management, 3(3), 158–164. 2231-1009 http://hdl.handle.net/10361/6323 en http://ijrcm.org.in/article_info.php?article_id=2959 application/pdf International Journal of Research in Computer Application and Management |
| institution |
Brac University |
| collection |
Institutional Repository |
| language |
English |
| topic |
Book value Earnings per share International Financial Reporting Standards (IFRS) Securitization Stock price |
| spellingShingle |
Book value Earnings per share International Financial Reporting Standards (IFRS) Securitization Stock price Rahman, Sharmin Shabnam Adverse effect of loan securitization on the stock prices of banks: empirical evidence from europe and america |
| description |
This article was published in International Journal of Research in Computer Application and Management [© 2013 International Journal of Research in Computer Application and Management] and the definite version is available at : http://ijrcm.org.in/article_info.php?article_id=2959 The article website is at:http://ijrcm.org.in/comapp/ |
| format |
Article |
| author |
Rahman, Sharmin Shabnam |
| author_facet |
Rahman, Sharmin Shabnam |
| author_sort |
Rahman, Sharmin Shabnam |
| title |
Adverse effect of loan securitization on the stock prices of banks: empirical evidence from europe and america |
| title_short |
Adverse effect of loan securitization on the stock prices of banks: empirical evidence from europe and america |
| title_full |
Adverse effect of loan securitization on the stock prices of banks: empirical evidence from europe and america |
| title_fullStr |
Adverse effect of loan securitization on the stock prices of banks: empirical evidence from europe and america |
| title_full_unstemmed |
Adverse effect of loan securitization on the stock prices of banks: empirical evidence from europe and america |
| title_sort |
adverse effect of loan securitization on the stock prices of banks: empirical evidence from europe and america |
| publisher |
International Journal of Research in Computer Application and Management |
| publishDate |
2016 |
| url |
http://hdl.handle.net/10361/6323 |
| work_keys_str_mv |
AT rahmansharminshabnam adverseeffectofloansecuritizationonthestockpricesofbanksempiricalevidencefromeuropeandamerica |
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1814308730712358912 |