Risk management, capital budgeting, and capital structure policy for financial institutions: an integrated approach

Article Abstract:

A model was formulated to study capital allocation and capital structure decisions confronting financial entities. The model considers the relevance of risk management on value-maximizing banks. It also takes into account the idea that not all threats confronting banks can be easily hedged in the capital market. Utilization of the model shows the influence of bank and risk management in the valuation of risks that cannot be readily hedged.

Banking Institutions, Depository Credit Intermediation, DEPOSITORY INSTITUTIONS, Banking industry, Analysis, Banks (Finance), Capital budgets

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The market for catastrophe risk: a clinical examination

Article Abstract:

Insurers should in theory purchase catastrophe reinsurance; in reality, however, they turn to capital markets rather than traditional reinsurance markets for risk-bearing capacity. This article investigates and develops eight theoretical explanations why the theory fails.

United States, INSURANCE CARRIERS, Reinsurance, Reinsurance Carriers, Statistical Data Included, Insurance industry, Investigations, Financial markets, Insurance, Disasters, Risk (Insurance)

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The portfolio flows of international investors

Article Abstract:

Portfolio flows are examined for 44 countries between 1994 and 1998. Characteristics of these flows are set out in detail.

Financial Services, Finance and Insurance, Economic aspects, Portfolio management

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