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 …