The risk management process : Business strategy and tactics.
- نوع فایل : کتاب
- زبان : انگلیسی
- مؤلف : Christopher L Culp
- ناشر : New York, USA : John Wiley and Sons
- چاپ و سال / کشور: 2001
- شابک / ISBN : 9780471405542.
Description
ontents INTRODUCTION ix PART ONE Risk Management and Corporate Finance 1 CHAPTER 1 The Nature of Risk 3 CHAPTER 2 Risk Aversion, Insurance, and Hedging 31 CHAPTER 3 The Irrelevance of Corporate Financing and Risk Management Decisions 60 CHAPTER 4 Increasing Expected Cash Flows or Reducing the Cost of Capital by Managing Risk 94 CHAPTER 5 Reducing Conflicts between Security Holders and Managers by Managing Risk 112 CHAPTER 6 Reducing Conflicts among Security Holders by Managing Risk 129 CHAPTER 7 Controlling and Exploiting Informational Asymmetries by Managing Risk 152 vi CONTENTS CHAPTER 8 Value versus Cash Flow versus Earnings Risk Management 188 CHAPTER 9 Total versus Selective Risk Management 202 PART TWO Risk Management and Business Strategy 207 CHAPTER 10 Risk Culture and Risk Management Business Models 209 CHAPTER 11 Integrating People, Technology, and Processes through Enterprise-Wide Risk Management 226 CHAPTER 12 Identifying Market Risk Exposures and Defining Risk Tolerances 248 CHAPTER 13 Spot, Forward, and Forward-Like Exposures 260 CHAPTER 14 Identifying Option, Option-Like, and Real Option Exposures 281 CHAPTER 15 Measuring and Monitoring Market Risk 321 CHAPTER 16 Identifying, Measuring, and Monitoring Credit Risk 372 CHAPTER 17 Identifying, Measuring, and Monitoring Liquidity Risk 418 CHAPTER 18 Identifying, Measuring, and Monitoring Operational Risk 432 CHAPTER 19 Identifying and Managing Legal Risk 440 Contents vii PART THREE The Tactics of Risk Control 455 CHAPTER 20 Ex Ante Capital Allocation 457 CHAPTER 21 Ex Post Performance Measurement and Compensation 474 CHAPTER 22 Internal Controls 485 CHAPTER 23 Tactical Risk Control with Derivatives 500 CHAPTER 24 Tactical Risk Control through Actual and Synthetic Asset Divestitures 530 CHAPTER 25 Strategic Risk Control with Structured Liabilities 542 CHAPTER 26 Insurance and ART 548 NOTES 569 BIBLIOGRAPHY 584 INDEX 597
Focusing on educating readers on how to integrate risk management with corporate business strategy - not just on hedging practices, this title is a financial risk management book that combines a discussion of firm-wide risk management with a discussion of derivatives-based hedging strategies and tactics. A component of any corporate business strategy today, risk management has become a mainstream business process at the highest level of the world's largest financial institutions, corporations, and investment management groups. Focusing on educating readers on how to integrate risk management with corporate business strategy, this title is a financial risk management book that combines a discussion of firm-wide risk management with a discussion of derivatives-based hedging strategies and tactics.
