This paper proposes a simple homogeneous dynamic model of investment and corporate risk management for a financially … constrained firm. Following Froot, Scharfstein, and Stein (1993), we define a corporation's risk management as the coordination of … investment and financing decisions. In our model, corporate risk management involves internal liquidity management, financial …

"Risk management" in securities markets refers to the oversight of portfolio managers and professional traders when … they trade on behalf of investors in security markets. Monitoring of their trading performance, profit and loss, and risk …

risk sharing-together with their interaction. In our general equilibrium model, risk sharing brought by financial … in terms of risk, capital scarcity and size, we find important differences in the effect of financial integration on …

We study how risk management through hedging impacts firms and competition among firms in the life insurance industry … hedging. Post reform impacted firms have lower risk and fewer negative income shocks. Product market competition is also … financial distress to decrease risk and become more competitive …

We develop a theory of bank board risk committees. With this theory, such committees are valuable even though there is … no expectation that bank risk is lower if the bank has a well-functioning risk committee. As predicted by our theory (1 …) many large and complex banks voluntarily chose to have a risk committee before the Dodd-Frank Act forced bank holding …

setup in the United States underscore the importance of enhancing systemic risk oversight and building effective …