Managerial discretion CLO 1 Chief executive officer 1 Collateralized loan obligation 1 Firm Performance 1 Loan fair valuation 1 Managers 1 Organizational characteristics 1 Organizational factors 1 Power control 1 Resource availability 1 Securitization 1 Strategic leadership 1 Strategic loan trading 1 Sweden 1 Upper echelons theories 1 corporate strategy 1 economic structure 1 firm size 1 industrial performance 1 management practice 1 organizational framework 1 resource availability 1