An analysis of research contributions to The Journal of Insurance Issues and Practices is conducted for the years 1977 through 1989. The relative contributions of individual authors, their employers, and their degree grantors are analyzed. The evidence generated in this study provides...

Financial researchers initially regarded hedging activities as a means to reduce total firm risk, which often is defined in terms of cash flow volatility. More recently, researchers have focused on the strategic allocation of risk. Direct tests of risk allocation have been problematic, however,...