Risk Management, Capital Budgeting and Capital Structure Policy for Insurers and Reinsurers
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This paper builds on Froot and Stein (1998) in developing a framework for analyzing the risk allocation, capital budgeting, and capital structure decisions facing insurers and reinsurers. The model incorporates three key features: i) value-maximizing insurers and reinsurers face product-market as
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美国国家经济研究局创建时间：
2003-12-01
