Corporate risk management to reduce borrowing costs

被引:4
|
作者
Huberman, G
机构
关键词
risk management; hedging;
D O I
10.1016/S0165-1765(97)00036-0
中图分类号
F [经济];
学科分类号
02 ;
摘要
We present simple adverse selection model in which a firm finds it advantageous to insure against bad outcomes and thereby improve its credit quality and reduce its cost of capital. (C) 1997 Elsevier Science S.A.
引用
收藏
页码:265 / 269
页数:5
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