Springer Market Frictions, Risk Management and Performance: New Challenges for Finance (Contributions to Management Science)

This book describes risk management and performance under the challenging context of market frictions, an environment that is characterized by a high degree of volatility and uncertainty. The contributions provide answers to essential questions on how shock transmission can be regulated or arbitrated for exploitation as investment opportunities in high-uncertainty contexts, and on how the combination of competition and high uncertainty harms or benefits the financial markets and corporate performance.