Corporate Risk Management

Corporate Risk Management

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More than 30 leading scholars and finance practitioners discuss the theory and practice of using enterprise-risk management (ERM) to increase corporate values. ERM is the corporate-wide effort to manage the right-hand side of the balance sheeta€”a firm's total liability structure-in ways that enable management to make the most of the firm's assets. While typically working to stabilize cash flows, the primary aim of a well-designed risk management program is not to smooth corporate earnings, but to limit the possibility that surprise outcomes can threaten a company's ability to fund its major investments and carry out its strategic plan. Contributors summarize the development and use of risk management products and their practical applications. Case studies involve Merck, British Petroleum, the American airline industry, and United Grain Growers, and the conclusion addresses a variety of topics that include the pricing and use of certain derivative securities, hybrid debt, and catastrophe bonds.Jaguar is entirely owned by Ford, which surely affects its risk profile and thus its risk management strategy. The text that ... Still, the firma#39;s purchases of puts does convey information about its belief concerning expected future volatility. Of courseanbsp;...

Title:Corporate Risk Management
Author:Donald H. Chew
Publisher:Columbia University Press - 2012-08-14


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