five

Hedging and Competition

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NBER2021-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w29207
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资源简介:
We study how risk management through hedging impacts firms and competition among firms in the life insurance industry - an industry with over 7 Trillion in assets and over 1,000 private and public firms. We show that firms that are likely to face costly external finance increase hedging after
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2021-09-01
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