Insolvency Risk and Value Maximization: A Convergence between Financial Management and Risk Management
This conceptual paper focuses on the relationship between insolvency, capital structure, and value creation. The aim is twofold: to define risk-based capital measures able to absorb the effects of financial distress and avoid corporate default; and to verify conditions and limits of use of these mea...
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| Format: | Article |
| Language: | English |
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MDPI AG
2021-06-01
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| Series: | Risks |
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| Online Access: | https://www.mdpi.com/2227-9091/9/6/105 |