Determinants of primary market spread in developing securitization in Malaysia : a panel study / Mohammed Hariri Bakri
Securitization is the process of transforming illiquid assets into rated long-term marketable securities that measures the relationship between securitized assets and market spread. The previous researches provided some evidences on the relationship between the nature of the assets and the primary m...
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| Format: | Book Section |
| Language: | English |
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Institute of Graduate Studies, UiTM
2015
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| Online Access: | https://ir.uitm.edu.my/id/eprint/19235/1/ABS_MOHAMMED%20HARIRI%20BAKRI%20VOL%207%20IGS%2015.pdf |
| _version_ | 1796900973821558784 |
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| author | Bakri, Mohammed Hariri |
| author_facet | Bakri, Mohammed Hariri |
| author_sort | Bakri, Mohammed Hariri |
| collection | UITM |
| description | Securitization is the process of transforming illiquid assets into rated long-term marketable securities that measures the relationship between securitized assets and market spread. The previous researches provided some evidences on the relationship between the nature of the assets and the primary market spread. Their models provide predictions on how other pricing characteristics affect US and Euro markets. However, emerging markets, notably Malaysia, remain to be testified, and hence these pending results have motivated this study to testify other tests with reference to the Vink Model to fill the literature gap. Further research found that although credit ratings are the most important variables to determine loan spread at issue date, investors appear not to rely exclusively on these ratings, as well as liquidity and leverage beyond the assigned credit rating. The first objective statement to provide empirical contribution variable such as Liquidity and Leverage as determinant of the primary market spread based on Vink regression model of 2008 and 2012. The result shows that liquidity and leverage are significant determinant in the regression model… |
| first_indexed | 2024-03-06T01:43:10Z |
| format | Book Section |
| id | oai:ir.uitm.edu.my:19235 |
| institution | Universiti Teknologi MARA |
| language | English |
| last_indexed | 2024-03-06T01:43:10Z |
| publishDate | 2015 |
| publisher | Institute of Graduate Studies, UiTM |
| record_format | dspace |
| spelling | oai:ir.uitm.edu.my:192352018-06-12T07:06:01Z https://ir.uitm.edu.my/id/eprint/19235/ Determinants of primary market spread in developing securitization in Malaysia : a panel study / Mohammed Hariri Bakri Bakri, Mohammed Hariri Marketing Securitization is the process of transforming illiquid assets into rated long-term marketable securities that measures the relationship between securitized assets and market spread. The previous researches provided some evidences on the relationship between the nature of the assets and the primary market spread. Their models provide predictions on how other pricing characteristics affect US and Euro markets. However, emerging markets, notably Malaysia, remain to be testified, and hence these pending results have motivated this study to testify other tests with reference to the Vink Model to fill the literature gap. Further research found that although credit ratings are the most important variables to determine loan spread at issue date, investors appear not to rely exclusively on these ratings, as well as liquidity and leverage beyond the assigned credit rating. The first objective statement to provide empirical contribution variable such as Liquidity and Leverage as determinant of the primary market spread based on Vink regression model of 2008 and 2012. The result shows that liquidity and leverage are significant determinant in the regression model… Institute of Graduate Studies, UiTM 2015 Book Section PeerReviewed text en https://ir.uitm.edu.my/id/eprint/19235/1/ABS_MOHAMMED%20HARIRI%20BAKRI%20VOL%207%20IGS%2015.pdf Determinants of primary market spread in developing securitization in Malaysia : a panel study / Mohammed Hariri Bakri. (2015) In: The Doctoral Research Abstracts. IPSis Biannual Publication, 7 (7). Institute of Graduate Studies, UiTM, Shah Alam. |
| spellingShingle | Marketing Bakri, Mohammed Hariri Determinants of primary market spread in developing securitization in Malaysia : a panel study / Mohammed Hariri Bakri |
| title | Determinants of primary market spread in developing securitization in Malaysia : a panel study / Mohammed Hariri Bakri |
| title_full | Determinants of primary market spread in developing securitization in Malaysia : a panel study / Mohammed Hariri Bakri |
| title_fullStr | Determinants of primary market spread in developing securitization in Malaysia : a panel study / Mohammed Hariri Bakri |
| title_full_unstemmed | Determinants of primary market spread in developing securitization in Malaysia : a panel study / Mohammed Hariri Bakri |
| title_short | Determinants of primary market spread in developing securitization in Malaysia : a panel study / Mohammed Hariri Bakri |
| title_sort | determinants of primary market spread in developing securitization in malaysia a panel study mohammed hariri bakri |
| topic | Marketing |
| url | https://ir.uitm.edu.my/id/eprint/19235/1/ABS_MOHAMMED%20HARIRI%20BAKRI%20VOL%207%20IGS%2015.pdf |
| work_keys_str_mv | AT bakrimohammedhariri determinantsofprimarymarketspreadindevelopingsecuritizationinmalaysiaapanelstudymohammedhariribakri |