Article | Journal of Financial Economics | January 1998

Risk Management, Capital Budgeting and Capital Structure Policy for Financial Institutions: An Integrated Approach

by K. A. Froot and J. Stein

Keywords: Catastrophe Risk; corporate finance; cost of capital; Banking and Insurance; asset pricing; Hedging; banking; Decision choice and uncertainty; Financial Markets; Insurance; Policy; Risk Management; Natural Disasters; Insurance Industry;

Citation:

Froot, K. A., and J. Stein. "Risk Management, Capital Budgeting and Capital Structure Policy for Financial Institutions: An Integrated Approach." Journal of Financial Economics 47, no. 1 (January 1998): 55–82. (Winner of Journal of Financial Economics. Jensen Prize. First Place For the best paper published in the Journal of Financial Economics in the areas of corporate finance and organizations. Revised from NBER Working Paper No. 5403, January 1996 and HBS Working Paper 96-030, December 1995.)