Securitization, Recourse Uncertainty, and Crash Risk
Journal of Accounting, Auditing & Finance
Published online on August 13, 2025
Abstract
Journal of Accounting, Auditing & Finance, Ahead of Print.
In this study, we examine how banks’ stock price crash risk is affected by recourse uncertainty embedded in securitizations. By recourse uncertainty, we mean the difficulty for equity market participants to assess the true extent of risk transfer between ...
In this study, we examine how banks’ stock price crash risk is affected by recourse uncertainty embedded in securitizations. By recourse uncertainty, we mean the difficulty for equity market participants to assess the true extent of risk transfer between ...