“Securitization in the U.S. Banking Industry:
Capital Dependence, Organizational Complexity, and Political Mobilization”
Ph.D. candidate, Department of Sociology, 2016-2017 Glasscock Graduate Research Fellow, Texas A&M University
This project examines securitization of the U.S. banking industry. Securitization is a process in which illiquid assets such as loans and mortgages are packaged into securities that can be easily traded on financial markets. It is recognized as a major contributor to the financial crisis of 2007–08. However, less is known about how securitization became legal, viable, and favorable for banks through a series of reconfiguration of institutional arrangements and how these newly defined institutional arrangements shape banks’ behavior of securitization. This project tries to fill this gap with (1) an archival analysis investigating the development of institutional arrangements related to securitization and (2) a quantitative analysis on how these institutional arrangements and related organizational characteristics affect banks’ behavior of securitization.
The Graduate Colloquium offers graduate students an opportunity to discuss a work-in-progress with faculty and graduate students from different disciplines. By long-standing practice, colloquium presenters provide a draft of their current research, which is made available to members of the Glasscock Center listserv. Each colloquium begins with the presenter’s short (10-15 minute) exposition of the project, after which the floor is open for comments and queries. The format is by design informal, conversational, and interdisciplinary.
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