Risk, the Limits of Financial Risk Management, and Corporate Resilience
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https://www.nber.org/papers/w32882
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Existing evidence shows convincingly that expected cash flows of non-financial firms can be negatively affected by their total risk, so that non-financial firms can create shareholder wealth by managing their total risk. After reviewing theories that demonstrate links between firm value and total
提供机构：
美国国家经济研究局
创建时间：
2024-09-01
