Combining Insurance, Contingent Debt, and Self-Retention in an Optimal Corporate Risk Financing Strategy

Combining Insurance, Contingent Debt, and Self-Retention in an Optimal Corporate Risk Financing Strategy

The authors provide a conceptual framework for designing a comprehensive risk financing strategy for a firm, using an optimal combination of three instruments: self-retention, contingent debt, and insurance. Using an original conceptual model, the...

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Bibliographic Details
Main Authors: Gurenko, Eugene, Mahul, Olivier
Format: Policy Research Working Paper
Language:English
en_US
Published: World Bank, Washington, DC 2014
Subjects:
ADMINISTRATIVE COSTS
AGENTS
ATTACHMENT POINT
BALANCE SHEET
BORROWING
BORROWING CONSTRAINTS
BUSINESS CYCLES
CAPITAL MARKETS
CATASTROPHIC RISKS
COINSURANCE
CONCEPTUAL FRAMEWORK
CONTRACTUAL SAVINGS
COVERAGE
DEBT
DEBT CAPACITY
DECISION MAKING
DEFAULT RISK
ECONOMIC BEHAVIOR
ECONOMICS
ECONOMISTS
EQUITY CAPITAL
FINANCIAL INTERMEDIARIES
FINANCIAL MARKETS
FINANCIAL SERVICES
INCOME
INDEMNITY
INFORMATION ASYMMETRIES
INSURANCE
INSURANCE COVERAGE
INSURANCE INDUSTRY
INSURANCE PRODUCTS
INSURANCE RATES
INSURED LOSSES
INSURERS
MICROFINANCE
MICROINSURANCE
PROBABILITY OF DEFAULT
PROFITABILITY
PROGRAMS
REINSURANCE
RESERVES
RETAINED EARNINGS
RISK ALLOCATION
RISK AVERSION
RISK MANAGEMENT
RISK MANAGERS
RISK PREMIUM
RISK SHARING
RISK TRANSFER
TRADEOFFS INSURANCE INDUSTRY
FINANCING PLANS
CONTINGENCY FINANCING
DEBT FINANCING
CORPORATE FINANCE
SELF FINANCING
RISK ASSESSMENT
COST FUNCTIONS
BORROWING COSTS
SAVINGS BEHAVIOR
ACCESS TO CREDIT
MICROECONOMICS
MACROECONOMIC CONTEXT
TRADEOFFS
Online Access:http://documents.worldbank.org/curated/en/2003/11/2813253/combining-insurance-contingent-debt-self-retention-optimal-corporate-risk-financing-strategy
http://hdl.handle.net/10986/17904

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