Keywords: Underinvestment problem
Close
Follow your search
Access your saved searches in your account

Would you like to receive an alert when new items match your search?
Close Modal
Sort by
Journal Articles
Journal of Risk Finance (2015) 16 (2): 164–169.
Published: 16 March 2015
... of an investment proposal. From the foregoing, it can be concluded that at high levels of corporate asset volatility, hedging, insofar as it results in a reduced σ, tends to aggravate the underinvestment problem. A situation of debt overhang occurs when...

or Create an Account

Close Modal
Close Modal