Skip to main content
padlock icon - secure page this page is secure

Antecedents of Securitization Primary Market Spread: Case Study of Cagamas

Buy Article:

$106.34 + tax (Refund Policy)

Asset backed Securities in Malaysia was introduced in Malaysia since 1986 as Cagamas Berhad was pioneer in this securitization industry which offer residential financing to government staff that would reduce risk of default. This research aims to examine the factor influencing spread in Malaysia securitization market. Ordinary Least square method and regression analysis are applied for the study period 2004–2012. The reason OLS was chosen because all residuals received the same importance (unweighted) regardless of how closeness or how widely spread the individual observations from the sample in the regression function. This research was developed from Vink Model and extend in developing country such as Malaysia. The result shows three determinants influence or contribute to the primary market spread that are statistically significant for Cagamas during 2007–08 US subprime crisis. As such, this study testifies transaction size, lead manager and loan to value are antecedent of securitization of Cagamas in Malaysia.
No Reference information available - sign in for access.
No Citation information available - sign in for access.
No Supplementary Data.
No Article Media
No Metrics

Keywords: Malaysia; Performance; Securitization

Document Type: Research Article

Affiliations: 1: Faculty of Technology Management and Technopreneurship, Universiti Teknikal Malaysia Melaka, 76100, Melaka, Malaysia 2: Faculty Business Management, Universiti Teknologi MARA, 40100, Shah Alam, Selangor, Malaysia

Publication date: July 1, 2018

More about this publication?
  • ADVANCED SCIENCE LETTERS is an international peer-reviewed journal with a very wide-ranging coverage, consolidates research activities in all areas of (1) Physical Sciences, (2) Biological Sciences, (3) Mathematical Sciences, (4) Engineering, (5) Computer and Information Sciences, and (6) Geosciences to publish original short communications, full research papers and timely brief (mini) reviews with authors photo and biography encompassing the basic and applied research and current developments in educational aspects of these scientific areas.
  • Editorial Board
  • Information for Authors
  • Subscribe to this Title
  • Ingenta Connect is not responsible for the content or availability of external websites
  • Access Key
  • Free content
  • Partial Free content
  • New content
  • Open access content
  • Partial Open access content
  • Subscribed content
  • Partial Subscribed content
  • Free trial content
Cookie Policy
X
Cookie Policy
Ingenta Connect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more