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Structured Finance and Insurance true By:Christopher L. Culp Published on 2011-09-13 by John Wiley & Sons Praise for Structured Finance & Insurance |More and more each year, the modern corporation must decide what risks to keep and what risks to shed to remain competitive and to maximize its value for the capital employed. Culp explains the theory and practice of risk transfer through either balance sheet mechanism such as structured finance, derivative transactions, or insurance. Equity is expensive and risk transfer is expensive. As understanding grows, and, as a result, costs continue to fall, ART will continue to replace equity as the means to cushion knowable risks. This book enhances our understanding of ART.| --Myron S. Scholes, Frank E. Buck Professor of Finance, Emeritus, Graduate School of Business, Stanford University |A must-read for everyone offering structured finance as a business, and arguably even more valuable to any one expected to pay for such service.| --N...