intertemporal choice: (i) agents care about the intertemporal distribution of risk and (ii) rates of time preference, rather than … a repeated strategic interaction. Specifically, we identify novel opportunities for the players to manage risk and trade …

corporate hedging: equity value maximising strategies and strategies determined by managerial risk aversion. The first category …Finance theory does not provide a comprehensive framework for explaining risk management within the imperfect financial … environment in which firms operate. Corporate managers, however, rank risk management as one of their most important objectives …

Im Laufe des Jahres 1993 war die Metallgesellschaft Refining & Marketing (MGRM), eine US …