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SUMMARY:A Theory of Liquidity and Risk Management
DTSTART:20150925T103000
DTEND:20150925T120000
DTSTAMP:20260916T045150Z
UID:0ebde6317aa4ca9e5eb1419579d79d514dc630ad57ed84af172e74e7
CATEGORIES:Conferences - Seminars
DESCRIPTION:Neng WANG (Columbia University\, Graduate School of Business)\
 nWe formulate a dynamic financial contracting problem with risky inalienab
 le human capital. We show that the inalienability of the entrepreneur's ri
 sky human capital not only gives rise to endogenous liquidity limits but a
 lso calls for dynamic liquidity and risk management policies via standard 
 securities that firms routinely pursue in\npractice\, such as retained ear
 nings\, possible line of credit draw-downs\, and hedging via futures and i
 nsurance contracts.
LOCATION:UNIL\, Extranef\, room 126 https://planete.unil.ch/plan/?local=EX
 T-126
STATUS:CONFIRMED
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