Did Structured Credit Fuel the LBO Boom

By A. Shivdasani, Yihui Wang. 2011

176 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/57a46ecfaa6caee17c3600cd409b6277ffd8966e

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Citations in the corpus

The Rise of Shadow Banking: Evidence from Capital Regulation (2018, unknown): “Technological advances or superior knowledge could motivate nonbank entry into this market (Buchak et al. 2017; Ordonez Forthcoming), and even lead to a lower cost of funding for corporations (Ivashina and Sun 2011; Nadauld and Weisbach 2012; Shivdasani and Wang 2011).”
Did Securitization Affect the Cost of Corporate Debt (2011, unknown): “Finally, there is a literature discussing numerous other factors outside of securitization which influence the spread charged to corporate borrowers in the bank loan market [See Guner (2006), Sufi (2007), and Ivashina (2009)].”
An Analysis of the Impact of 'Substantially Heightened' Capital Requirements on Large Financial Institutions (2010, background): “According to Shivdasani and Wang (2009), CLOs accounted for 60% of all institutional demand by 2006 and played a critical role at the height of the boom.21 However, in mid-2007, demand for CLOs and other complex securitized products collapsed following losses on subprime assets.”
The impact of securitization on the expansion of subprime credit (2013, unknown): “For example, Shivdasani and Wang (2009) investigate whether the securitization of corporate loans caused the recent LBO boom, while Nadauld and Weisbach (2010) investigate whether securitization reduced the cost of obtaining corporate debt.”
Institutional demand pressure and the cost of corporate loans (2011, background): “For example, a recent paper by Shivdasani and Wang (2009) argues that the LBO boom was caused by CDO funding.”
Securitization Without Adverse Selection: The Case of Clos (2012, unknown): “Based on the borrowers’ characteristics, the deals’ financing structure, and the loan pricing Shivdasani and Wang (2009) conclude that an increase in securitization did not lead to riskier LBOs.”