The firm under uncertainty: real and financial decisions | SpringerLinkThe system can't perform the operation now. Try again later. Citations per year. Duplicate citations. The following articles are merged in Scholar. Their combined citations are counted only for the first article.
Decisions in Economics and Finance. This paper examines the interplay between the real and financial decisions of the competitive firm under output price uncertainty. The firm faces additional sources of uncertainty that are aggregated into a background risk. We show that the firm always chooses its optimal debt—equity ratio to minimize the weighted average cost of capital, irrespective of the risk attitude of the firm and the incidence of the underlying uncertainty. Unable to display preview. Download preview PDF. Skip to main content.
Winner of the Kulp-Wright Book Award, American Risk and Insurance Association "This delightful little book is aimed at advanced undergraduate and first year graduate students who need to learn about modeling risk It contains deep and insightful discussions about all the topics under consideration. Samuelson Award. The three authors are each a past editor of the "Geneva Papers on Risk and Insurance Theory", and they have previously collaborated on papers appearing in "Econometrica, the Journal of Economic Theory, Management Science", and the "Journal of Public Economics". Du kanske gillar. Permanent Record Edward Snowden Inbunden. Stillness is the Key Ryan Holiday Inbunden.
Download zip, rar. We shall note here only two circumstances, which may help us to understand Chaucer and the age in which he lived. The economic and.
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This content was uploaded by our users and we assume good faith they have the permission to share this book. If you own the copyright to this book and it is wrongfully on our website, we offer a simple DMCA procedure to remove your content from our site. Start by pressing the button below! Economic and financial decisions under risk Home Economic and financial decisions under risk. Includes bibliographical references and index. ISBN cloth : alk. Risk assessment.
The system can't perform the operation now. Try again later. Citations per year. Duplicate citations. The following articles are merged in Scholar.