Abstract
One might surmise that, like matter, risk is inherent and cannot be created or destroyed. However, the choices of our corporate decision makers can actually amplify risk, while shareholders, as the residual claimant, are often left holding the bag.
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© 2009 Colin Read
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Read, C. (2009). Moral Hazard. In: The Fear Factor. Palgrave Macmillan, London. https://doi.org/10.1057/9780230250864_11
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DOI: https://doi.org/10.1057/9780230250864_11
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-31007-4
Online ISBN: 978-0-230-25086-4
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)