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CROs mean more debt, says study

It is fashionable for both large financial and non-financial companies to appoint chief risk officers (CROs). But a recently published study suggests that a new CRO might be a sign of weakness rather than strength. The study1, by Robert Hoyt and André Liebenberg of the Terry College of Business at the University of Georgia, was based on an analysis of 26 companies across the US that had announced

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