Charles A. Dice Center for Research in Financial Economics Did Securitization Affect the Cost of Corporate Debt

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Financial Innovation and Bank Behavior: Evidence from Credit Markets (2014, background): “According to the Hedging Channel, banks hedge their exposures by purchasing protection in derivatives markets.6 Nadauld and Weisbach (2011) study whether this channel is operative for loan pricing.”
The Rise of Shadow Banking: Evidence from Capital Regulation (2018, background): “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).”
Does the Tail Wag the Dog? The Effect of Credit Default Swaps on Credit Risk (2012, unknown): “Nadauld and Weisbach (2011) find that securitized loans have lower spreads but Bord and Santos (2011) find such loans underperform non-securitized loans.”
Revolving Doors on Wall Street (2016, unknown): “30 The increase in CDO underwriting activity observed in Table 12 is consistent with the evidence provided by Shivdasani and Wang (2011) and Nadauld and Weisbach (2012). secondary analyses allow us to draw strong conclusions about the motivation of the hiring firms, beyond a natural talent transfer.”
Securitization and Bank Performance (2013, background): “Finally, Nadauld and Weisbach (2011) investigate whether securitization-driven demand for corporate bank loans had an impact on the cost of corporate debt.”