---
res:
  bibo_abstract:
  - Employing a unique hand-collected sample of 881 securitization transactions issued
    by 59 stock-listed banks across the EU-13 plus Switzerland over the period from
    1997 to 2010, this paper empirically investigates if and how market power in the
    loan and deposit market may influence European banks’ incentives to engage in
    securitization activities. We construct product-specific residual Lerner Indices
    to measure market power in the loan and deposit market separately. Our results
    suggest that banks with higher loan and deposit market power securitize less,
    consistent with a reduced need for risk transfer and a reduced reliance on market-based
    funding. Various sensitivity analyses further show that these relationships vary
    across underlyings, issuance frequencies, and different time stages of securitization
    in Europe. Our findings contribute to the literature by disentangling loan and
    deposit market power as two further distinct determinants of securitization and
    thus, offer important insights regarding the ongoing policy debates on the consolidation
    of European banking markets and the revitalisation of the European securitization
    market.@eng
  bibo_authorlist:
  - foaf_Person:
      foaf_givenName: Sarah
      foaf_name: Herwald, Sarah
      foaf_surname: Herwald
      foaf_workInfoHomepage: http://www.librecat.org/personId=51867
  - foaf_Person:
      foaf_givenName: André
      foaf_name: Uhde, André
      foaf_surname: Uhde
      foaf_workInfoHomepage: http://www.librecat.org/personId=36049
  dct_date: 2026^xs_gYear
  dct_language: eng
  dct_subject:
  - Securitization
  - market power
  - European banking
  dct_title: Securitization and Market Power – Evidence from European Banks@
...