250 Lmaertgheo do,r cfor me qpuaernetd otroi g it nh ae t oFrLsT hma veet hao dh. i gWh ee r ol bi kseelri vh eo opdo soift i vs ee l eocdt idnsg rtaht ei o sV EoSf 0.75 (z-stat= 3.07) for Frequent Originator, statistically significant at the 1% li en vf leul e. nI nc ti en rge tsht ien gplryo, bl oaobki liint yg oa ft ct hh eo odsei na lg aVt Et rSi b. Tu thees , naul ml vbaerri aobfl et rs aanrceh es isg inni cf irceaanstel ys the likelihood of choosing VES, and for security type, we find that CMBS tranches ha na vdeRaMhBi gShhe ar vlei k eal ihhiogohde rolfi khealvi hi nogo da Vo fE Sh amv ient gh otdh,ec Fo LmTp ma reetdh ot od .AABnS . iWn chr ei laesCe LiOn tVhEeS .r iTs kh ii ns eisnsd oi cfa tt he se tuhnadt etrhl yei ncgh opioc eo l oaf l ssoe liencct ri ne ag s eVsE St h oe r l iFkLeTl i hsoeoedm os f ncohto toos i nb ge mainly driven by the capital relief motive, and also not to be influenced by the country or economic development in the country of risk. Rather, it seems to be influenced by the securitization year, the originator’s size, and deal attributes. Ianntde raefst teirn g( cl yo, l uwmh enn3w) et hsep il ni tt rooudruscat mi o pn l eo fbtehtewSe ee cnutrhi tei zpaet iroi ondr ebgeuf ol ar tei o( nc o, lwu em onn2l y) find positive significant results for Frequent Originator in the period after. This ss ue lgegcet stthse t Vh Ea tS tmh ee t mh oodr ea f et ex rp tehr ei einnct er od d, uf rcetqi oune no tf , t oh rei gS iencautroi rt isz awt ieorne rme gour el a tl ii ko enl, yb ut ot not necessarily before.
RkJQdWJsaXNoZXIy MTk4NDMw