Gregor Gossy develops a stakeholder rationale for risk management arguing that firms which are more dependent on implicit claims from their non-financial stakeholders, such as customers, suppliers, and employees, prefer conservative financial policies. Dr. Gregor Gossy promovierte bei...

Preliminary -- Introduction -- Stakeholder Theory -- The Theory of the Firm -- The Theory of Corporate Risk Management -- Theories of Corporate Finance Decisions -- Statistical methodology -- Empirical study -- Conclusions and suggestions for future research -- Back matter.