In this paper, we present a search model with divisible money in which there exists a continuum of monetary equilibria with strictly increasing continuous value functions and with non-discrete money holdings distributions.

Purpose – The purpose of this paper is to examine complex risk management practices of Japanese firms in a turbulent environment. Design/methodology/approach – The focus of this research is to examine risk management practices based on product accidents in Japanese firms. It examines how...

In the course of managing businesses, executives constantly face challenging circumstances. For instance, the market reality does not necessarily reflect the intent of a company's management. Disruptive business events may occur that are quite contrary to what the senior management expected....