Securitization as an innovative refinancing mechanism and an effective asset management tool in a sustainable development environment
Sergiy Legenchuk,Maryna Pashkevych,Olga Usatenko,Olha Driha,Valentyna Ivanenko +4 more
- Vol. 166, pp 13029
TLDR
In this paper, the authors discussed the main types of securitization and their impact on the structure of balance sheet indicators and suggested the successful implementation of the concept of a green economy aimed at achieving sustainable development goals in Ukraine, using such financial instrument as sustainable finance through the use of the collateralized loan obligation mechanism.Abstract:
Today’s realities dictate to Ukrainian companies a management philosophy that requires them not only to maintain their position in the market, but also to increase the efficiency of their operations and development in the context of favorable and unfavorable changes in the market environment, which necessitates significant amounts of financial resources. In the face of global competition and the increased turbulence of the external environment, securitization is one of the alternative tools to attract additional financing as well as to minimize risks by which financial markets can support sustainable finance in the transition to a green economy. The article deals with the essence of securitization as one of the major financial innovations of our time. It is established that this financial mechanism allows to diversify sources of financing, to effectively manage the structure of the balance sheet of the enterprise, as well as to significantly increase the level of liquidity of its assets. It also describes the main types of securitization and their impact on the structure of balance sheet indicators. The practical relevance of the study is that the authors’ highlighted areas of change in financial performance make it possible to make an smart decision on the use of a particular securitization mechanism, considering the purpose of its implementation and the capabilities of its initiators, including in the transition to a green economy. It is suggested for the successful implementation of the concept of a “green” economy aimed at achieving sustainable development goals in Ukraine, using such financial instrument as sustainable securitization through the use of the collateralized loan obligation mechanism.read more
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References
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Book
Structured Finance and Collateralized Debt Obligations: New Developments in Cash and Synthetic Securitization
TL;DR: This book discusses Structured Finance and Special Purpose Entities, the Credit Crunch and CDOs, as well as future Developments in Structured finance.
Posted Content
The Alchemy of Asset Securitization
TL;DR: In this article, the authors explain asset securitization and show how companies can use it to gain direct and indirect benefits, and demonstrate that Securitisation can enable certain companies to achieve a genuine reduction in financing costs by providing access to lower cost capital market funding.
The Alchemy of Asset Securitization
TL;DR: In this article, the authors explain asset securitization and show how companies can use it to gain direct and indirect benefits, and demonstrate that Securitisation can enable certain companies to achieve a genuine reduction in financing costs by providing access to lower cost capital market funding.
Posted Content
Sovereign Securitization in Emerging Markets
TL;DR: In this paper, the authors survey the recent developments of sovereign securitization in emerging markets and inform a more specific debate about the attendant infrastructural, legal and regulatory challenges.