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- Title
Securitização de Recebíveis no Setor Bancário Brasileiro: Um Estudo Empírico.
- Authors
Catão, Gustavo Campos; Rodrigues, Raimundo Nonato; Libonati, Jeronymo José; Lagioia, Umbelina Cravo Teixeira
- Abstract
This paper aimed to verify whether there is any relation between asset securitization and the leverage, liquidity and credit quality portfolio of Brazilian banks. It was used a sample of 10 out 12 banks, that do have public offers of direct credit investment funds registered on CVM, ranging a period of 30 trimesters between 2001 and 2008. The Wilcoxon non parametric test was applied in order to verify the significance of the variable relations, additionally the Pearson correlation coefficient was used to verify how the asset securitization has influenced these variables. The results revealed that 90% of the banks presented a significant statistic relation between the asset securitization and leverage, liquidity and credit quality. The results also revealed that asset securitization influenced the credit quality of the portfolio of the banks negatively (70%), decreased the leverage index (70%) and increased liquidity (80%).
- Subjects
BRAZIL; ASSET backed financing; FINANCIAL leverage; LIQUIDITY (Economics); CREDIT; BANKING industry; INVESTMENTS; FINANCIAL risk; STATISTICAL correlation
- Publication
Brazilian Review of Finance / Revista Brasileira de Finanças, 2009, Vol 7, Issue 3, p327
- ISSN
1679-0731
- Publication type
Article
- DOI
10.12660/rbfin.v7n3.2009.1309