Abstract
Firms and financial institutions are best viewed as ongoing entities, whose project completion may require renewed injections of liquidity. This paper proposes a contract-theoretic framework integrating three dimensions of corporate financing and prudential regulation: (1) liquidity management, (b) risk management, and (c) capital structure. It concludes with a preliminary assessment of recent regulatory approaches to the treatment of market risk.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 295-319 |
| Number of pages | 25 |
| Journal | Journal of Money, Credit and Banking |
| Volume | 32 |
| Issue number | 3 |
| DOIs | |
| State | Published - Aug 1 2000 |
| Externally published | Yes |
ASJC Scopus subject areas
- Accounting
- Finance
- Economics and Econometrics