Since the formulation of the Miller and Modigliani propositions over 60 years ago, financial economists have been debating …
Leverage
University of Rochester Roundtable on Bailout vs. Bankruptcy: The Case...
In an event staged at Rochester’s Geva Theatre in the midst of the global financial crisis in 2009, …
Corporate Insurance Strategy: The Case of British Petroleum
The authors provide a fundamental rethinking of how corporations should evaluate various kinds of risks and risk management …
Morgan Stanley Roundtable On Private Equity And Its Import For...
The role of private equity in global capital markets appears to be expanding at an extraordinary rate. Morgan …
Risk Management —The Revealing Hand
Many believe that the recent emphasis on enterprise risk management function is misguided, especially after the failure of …
The Leveraging Of Corporate America: A Long-run Perspective On Changes...
In a study published recently in the Journal of Financial Economics, the authors of this article documented a …