An updated review of the theories and applications of corporate risk
management
After the financial crisis of 2008, issues concerning corporate risk
management arose that demand new levels of oversight. Corporate Risk
Management is an important guide to the topic that puts the focus on
the corporate finance dimension of risk management. The author--a noted
expert on the topic--presents several theoretical models appropriate for
various industries and empirically verifies theoretical propositions.
The book also proposes statistical modeling that can evaluate the
importance of different risks and their variations according to economic
cycles.
The book provides an analysis of default, liquidity, and operational
risks as well as the failures of LTCM, ENRON, and financial institutions
that occurred during the financial crisis. The author also explores
Conditional Value at Risk (CVaR), which is central to the debate on the
measurement of market risk under Basel III. This important book:
- Includes a comprehensive review of the aspects of corporate risk
management
- Presents statistical modeling that addresses recent risk management
issues
- Contains an analysis of risk management failures that lead to the 2008
financial crisis
- Offers a must-have resource from author Georges Dionne the former
editor of The Journal of Risk and Insurance
Corporate Risk Management provides a modern empirical analysis of
corporate risk management across industries. It is designed for use by
risk management professionals, academics, and graduate students.
