This book describes risk management and performance under the challenging context of market frictions, an environment that is characterized by a high degree of volatility and uncertainty. The contributions provide answers to essential questions on how shock transmission can be regulated or arbitrated for exploitation as investment opportunities in high-uncertainty contexts, and on how the combination of competition and high uncertainty harms or benefits the financial markets and corporate performance.
Presents an insightful overview of the relationship between competition and performance under conditions of high uncertainty and volatility in finance
Analyses international cases on risk management and performance
Brings together empirical applications at the aggregate and corporate level
João Correia Leitão
Competition Market Friction Market Performance Risk Management