Moral Hazard

Colin Read
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Colin Read: SUNY College

Chapter 10 in The Fear Factor, 2009, pp 85-92 from Palgrave Macmillan

Abstract: Abstract One might surmise that, like matter, risk is inherent and cannot be created or destroyed. However, the choices of our corporate decision makers can actually amplify risk, while shareholders, as the residual claimant, are often left holding the bag.

Keywords: Housing Price; Moral Hazard; Chief Executive Officer; Hedge Fund; Credit Default Swap (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-25086-4_11

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DOI: 10.1057/9780230250864_11

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