来自：FRM > 一级 > 电脑版 > Unit 1.风险基础 2020-10-05 07:29
Risk management activities can increase firm value when:
I. The firm’s claimholders cannot replicate the results of the firm’s hedging
activity.
II. There is a sufficient number of claimholders.
III. The firm’s claimholders are sufficiently risk-avers
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