Risk Overhang and Market Behavior
- 1 October 2001
- journal article
- Published by University of Chicago Press in The Journal of Business
- Vol. 74 (4) , 591-612
- https://doi.org/10.1086/321939
Abstract
We show that exposure from past business transactions—risk overhang—can reduce activity in related business lines, sometimes to the point where no new trade occ...Keywords
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