Can Islamic injunctions indemnify the structural flaws of securitized debt?
نویسندگان
چکیده
منابع مشابه
Optimality of Securitized Debt with Endogenous and Flexible Information Acquisition
This paper studies the optimality of securitized debt when information acquisition is endogenous and exible. A seller designs an asset backed security and a buyer decides whether to buy it to provide liquidity. Rather than treating the seller as an insider endowed with information, we assume no information asymmetry before bargaining. The buyer has an expertise in acquiring information of the f...
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ژورنال
عنوان ژورنال: Journal of Corporate Finance
سال: 2016
ISSN: 0929-1199
DOI: 10.1016/j.jcorpfin.2016.01.002