Journal of Banking & Finance Vol. 26 No. 2-3 2002
Value and risk
Abstract
The corporation is often viewed as a nexus of contracts. That view is slightly altered here. The corporation is viewed as a nexus of risks. The management of the corporation may then be thought of as the selection and management of the risks in a way that creates value. This I perspective is applied in a discussion of the three articles presented in this session.
- DOI
- 10.1016/s0378-4266(01)00223-0
- Volume
- 26
- Issue
- 2-3
- Pages
- 297-301
- Language
- en
- Sources
- crossref openalex bibtex:phds-export.bib