Applied Corporate Risk and Liquidity Management electronic Erik Lie

Format:

Book

Author/Creator:

Lie, Erik, author.

Series:

Oxford Academic

Oxford scholarship online

Language:

English

Subjects (All):

Cash holding.

stock repurchase.

Physical Description:

203 p All black and white images

Edition:

First Edition

Place of Publication:

New York, NY Oxford University Press 2023

Summary:

A proper cash level facilitates value-enhancing investments and shields firms against financial distress. The book discusses how managers should use risk management and payouts, including dividends, stock repurchases, and debt payout, to attain a proper cash level. It does so by (i) establishing a strong theoretical foundation for the role of cash, (ii) deliberating practical considerations of risk management and payout policy, and (iii) demonstrating applied tools that assist managers in making good decisions. Monte Carlo simulations of future cash holdings are introduced early and serve as a common thread throughout the book. Illustrations are used heavily to explain concepts and help the reader retain the material.

Contents:

Contents: Acknowledgments - 1. Introduction - 2. Optimal Cash Holdings - 3. Predicting and Simulating Liquidity - 4. Risk Management Theory - 5. Identifying and Measuring Risk Exposure - 6. Managing Idiosyncratic Risk - 7. Hedging with Forward and Futures Contracts - 8. Hedging with Options - 9. Hedging-Simulations - 10. Payout Policy - 11. Debt Payouts and Capital Structure - 12. Wrapping Up - References - Index

Notes:

Includes bibliographical references and index.

ISBN:

0-19-766500-4

0-19-766502-0