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"Risk models are models of uncertainty, engineered for some purposes. They are educated guesses and hypotheses assessed and valued in terms of well-defined future states and their consequences. They are engineered to predict, to manage countable and accountable futures and to provide a frame of...
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We model the financing, cash holdings, and hedging policies of a firm facing financing frictions and subject to …
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We study the impact of financing constraints on corporate risk management. Using data on credit scores matched with … unique information on firm level commercial insurance purchases, we find that financing constraints lead to higher insurance …
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examine the causal effects of financial constraints on inventory management. Firms with relaxed financing constraints increase …
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Greening the economy is mostly about improving water governance and not only about putting the existing resource saving technical alternatives into practice. Focusing on the second and forgetting the first risks finishing with a highly efficient use of water services at the level of each...
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