Securitization of mezzanine capital in Germany

Franke, Günter; Hein, Julia

doi:10.1007/s11408-008-0082-x

Cited by 4 publications

(2 citation statements)

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“…Participating loan represents an analogue of a classic bank loan, but in this case, the loan provider's yield depends on the economic result of the company (van Gelder & Niels, 2013;Mütze, Senff, & Möller, 2012). This instrument is thus connected with the feature typical for equity in the form of investment of an owner that is connected with yields depending on the company's economic results (Franke & Hein, 2008). However, participating loan comes into existence on the basis of a loan agreement that does not establish any ownership rights relating to the company, and so its provider is in the position of a creditor.…”

Section: Literature Review and Hypothesesmentioning

confidence: 99%

Mezzanine Financing Instruments in Comparison to the Classic Financing Sources

Tetrevova

Svedik

2018

Business, Management and Education

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The paper deals with innovated financing in the form of mezzanine financing instruments (sources). The authors aimed to identify, characterize, and assess mezzanine financing instruments in comparison to the classic corporate financing sources. Mezzanine financing represents an innovated form of financing interconnecting the features of equity and debt. The paper specifies the sources and characterizes and assesses pros and cons of each of them. Subsequently, it presents an overall evaluation of mezzanine financing instruments in comparison to the selected equity and debt financing sources. This evaluation was performed on the basis of 14 set criteria using a binary scale.

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Section: Literature Review and Hypothesesmentioning

confidence: 99%

Mezzanine Financing Instruments in Comparison to the Classic Financing Sources

Tetrevova

Svedik

2018

Business, Management and Education

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“…For further details on the impact of securitization on the German Mittelstand, seeHommel et al (2005),Hommel and Brockmann (2006), andFranke and Hein (2008).…”

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confidence: 99%