• Login
    • Library Home
    View Item 
    •   BracU IR
    • BracU Faculty Publications
    • Sharmin Shabnam Rahman
    • Article Published in Referred Journals
    • View Item
    •   BracU IR
    • BracU Faculty Publications
    • Sharmin Shabnam Rahman
    • Article Published in Referred Journals
    • View Item
    JavaScript is disabled for your browser. Some features of this site may not work without it.

    Adverse effect of loan securitization on the stock prices of banks: empirical evidence from europe and america

    Thumbnail
    View/Open
    Pages from ijrcm-2-Cvol-3_issue-3-art-29.pdf (189.4Kb)
    Date
    2013-03-05
    Publisher
    International Journal of Research in Computer Application and Management
    Author
    Rahman, Sharmin Shabnam
    Metadata
    Show full item record
    URI
    http://hdl.handle.net/10361/6323
    Citation
    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.
    Abstract
    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.
    Keywords
    Book value; Earnings per share; International Financial Reporting Standards (IFRS); Securitization; Stock price
     
    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/
    Publisher Link
    http://ijrcm.org.in/article_info.php?article_id=2959
    Collections
    • Article Published in Referred Journals

    Copyright © 2008-2019 Ayesha Abed Library, Brac University 
    Contact Us | Send Feedback
     

     

    Policy Guidelines

    • BracU Policy
    • Publisher Policy

    Browse

    All of BracU Institutional RepositoryCommunities & CollectionsBy Issue DateAuthorsTitlesSubjectsThis CollectionBy Issue DateAuthorsTitlesSubjects

    My Account

    LoginRegister

    Statistics

    View Usage Statistics

    Copyright © 2008-2019 Ayesha Abed Library, Brac University 
    Contact Us | Send Feedback