Capital Flows

Froot, K.A., and J. Stein. “Risk Management, Capital Budgeting and Capital Structure Policy for Financial Institutions: An Integrated Approach.” Journal of Financial Economics 47, no. 1 (1998): 55–82.
  • Winner of the 1998 Journal of Financial Economics Jensen Prize for first place for the best paper in the areas of corporate finance and organizations.
  • Revised from NBER Working Paper No. 5403, January 1996 and Harvard Business School Working Paper 96-030, December 1995.