Limited partners allocate capital into venture capital funds with the expectation of a risk-return profile matching the … fund’s investment style in terms of startup investment stage, location, and industry. This paper draws a connection between … style drifts in these three dimensions and the connected risk-taking attitude of the general partner. By analyzing a sample …

Banks increasingly recognize the need to measure and manage the credit risk of their loans on a portfolio basis. We … provided new credit risk management tools. However, in the addressed market segment adverse selection and moral hazard problems … risk of middle market commercial loan portfolios depends on the development of incentive-compatible structures which solve …

der Theorie der Finanzintermediation begründen läßt. Dabei öffnet der Autor den Blick dafür, daß bankaufsichtliche Normen …