The role of private equity in global capital markets appears to be expanding at an extraordinary rate. Morgan …
Risk
Risk Management Failures: What Are They And When Do They...
The difficulties of the past year have convinced many observers that current risk management practices are deeply flawed, …
How Companies Can Use Hedging To Create Shareholder Value
This article provides a framework for designing and evaluating corporate risk management and hedging programs. Corporate risk management …
Risk-Taking And Risk Management By Banks
A well-governed bank takes the amount of risk that is expected to maximize its share-holder wealth, subject to …
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 …