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By using data from 8 depository institutions in Turkey we evaluate the drivers of securitization between 2004 and 2009. Our analysis shows that previous period securitization as well as bank equity, level of profits and asset size are important factors in a bank’s decision to securitize its loan portfolio. Banks’ on-balance sheetliquidity on the other hand is not a significant factor. We also use a binary probit model and predict with good certainty the timing of a bank’s securitization in capitalmarkets. Again, bank size, profitability and equity are also explanatory variables in making these accurate predictions.

Item Type: MPRA Paper -

Original Title: Securitization in Turkish banking system-

Language: English-

Keywords: securitization; Turkey; banking-

Subjects: G - Financial Economics > G3 - Corporate Finance and Governance > G32 - Financing Policy ; Financial Risk and Risk Management ; Capital and Ownership Structure ; Value of Firms ; GoodwillF - International Economics > F3 - International Finance > F31 - Foreign ExchangeG - Financial Economics > G2 - Financial Institutions and Services > G21 - Banks ; Depository Institutions ; Micro Finance Institutions ; Mortgages-

Autor: Aysan, Ahmet Faruk


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