An important issue in global corporate risk management is whether the multinationality of a firm matters in terms of its effect on exchange risk exposure. In this paper, we examine the exchange risk exposure of U.S. firms during 1983-2006, comparing multinational and non-multinational firms and...

Using a large sample of non-financial firms from 47 countries, we examine the effect of derivative use on firm risk and value. We control for endogeneity by matching users and nonusers on the basis of their propensity to use derivatives. We also use a new technique to estimate the effect of...

The aim of this study is to examine the relationships between profits and risks of Frasers Centerpoint Limited. This study was carried out using the secondary data which was obtained from the annual reports of five companies in consecutive years from 2013 until 2017. Return on asset (ROA) has...

This paper describes a parsimonious macro-finance model where contracts are the mechanism by which differentially risk averse bondholders and stockholders resolve a conflict of interest problem and confront the risks associated with future investment and financing decisions of a representative...

The purpose of this study was to investigate the measurement of the bank credit risk required for the indicator, the use of financial information, and the relationship of the company's information collected by the bank over the years and based on the past research like articles, journal and so...

The aim of this study is to examine the relationships between profits and risks of five companies which Frasers Centerpoint Limited, Far East Orchard, CapitaLand Limited, and City Development, Buking Sembawang Estates Limited. This study was carried out using the secondary data which was...

Contrary to prior evidence, we show that corporations don't necessarily follow a systematic trade-off between cash holdings and risk management policies and that cash holdings are not a viable substitute for hedging using derivative instruments. Most importantly, we document an economically...

This work is a part of an ongoing research that addresses the issue of exploring a risk profile of Project Financing (PF) mechanism and Public-Private Partnership (PPP) projects for infrastructure development and focuses on developing a risk analysis framework for the Kazakhstani PPP market. To...

We formulate a robust theory of liquidity and risk management based on two fundamental frictions: 1) the entrepreneur cannot alienate his human capital, and 2) the entrepreneur worries about model uncertainty and seek robust decisions. In line with max-min expected utility, a robust entrepreneur...