Wieczorek-Kosmala, Monika - In: E-Finanse : finansowy kwartalnik internetowy 8 (2012) 1, pp. 61-71
The purpose of the paper is to provide some support to the thesis that insurance may reduce the cost of capital in a … insurance as a retrospective (post-loss) risk financing tool and the risk transfer mechanism upon it. As the risk financing tool … insurance reduces the need for the balance-sheet capital in a company and thus the financial distress costs. Also, insurance may …