In this book, Erik Lie brings risk management and liquidity management together to show how corporations can ensure they have sufficient--but not excess--cash holdings, both now and in the future. Lie begins with determinants of liquidity, the consequences of suboptimal liquidity, and how to manage liquidity before demonstrating how risk management and payout policy can and should be used to maintain the proper cash level. With practical tools rooted in liquidity management, this book presents a strong theoretical foundation for risk management and payout policy, discusses practical…mehr
In this book, Erik Lie brings risk management and liquidity management together to show how corporations can ensure they have sufficient--but not excess--cash holdings, both now and in the future. Lie begins with determinants of liquidity, the consequences of suboptimal liquidity, and how to manage liquidity before demonstrating how risk management and payout policy can and should be used to maintain the proper cash level. With practical tools rooted in liquidity management, this book presents a strong theoretical foundation for risk management and payout policy, discusses practical considerations, and demonstrates applied tools that help managers make good decisions.
Erik Lie is the Amelia Tippie Chair in Finance in the Tippie College of Business at the University of Iowa. Previously, he worked as a faculty member at the College of William & Mary from 1996 to 2004. He has published widely in top academic journals and has been recognized by Time Magazine as one the 100 most influential people in the world.
Inhaltsangabe
Chapter 1: Introduction Chapter 2: Optimal Cash Holdings Chapter 3: Predicting and Simulating Liquidity Chapter 4: Risk Management Theory Chapter 5: Identifying and Measuring Risk Exposure Chapter 6: Managing Idiosyncratic Risk Chapter 7: Hedging with Forward and Futures Contracts Chapter 8: Hedging with Options Chapter 9: Hedging-Simulations Chapter 10: Payout Policy Chapter 11: Debt Payouts and Capital Structure Chapter 12: Wrapping up References Index