investigate the impact this change in procurement contracts has on efficiency. Focusing on coal mines, we find that those selling …

products and services to informationally opaque customers, their ability to diversify credit and liquidity risk, and how they … liabilities to reduce the probability of bank runs. These aspects of banking affect a bankś choice of risk vs. expected return …, which, in turn, affects bank performance. Banks have an incentive to reduce risk to protect the valuable charter from …

-and-hedge strategy involving taking a long position in convertible bonds (“CBs”) while hedging the equity risk alone explains a … strategy and how they impact the performance of convertible arbitrage hedge funds. We show that the returns of a buy … market. However, the friction involved in adjusting the stock of risk capital managed by a large fund can negatively impact …