Corporate Risk Management for Value Creation: A Guide to Real-life Applications
Blending academic research with practical applications and case studies, this volume explains the concepts of risk management. Applicable both to financial and non-financial firms, the book contains the primary message that risk can be positive and that firms should use risk to maximize value.
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Value creation from risk management
A review of risk management practices
Enterprise risk analysis
5 other sections not shown
aluminium price Aluminium producer Appendix assets assume average Basel II capital structure cash flow volatility Chapter confidence level continuous random variable correlated cost of capital currency debt denoted derivatives discounted discussed downstream business EBITDA Economic Capital electric power enterprise risk Equation estimate example exchange rate expected value expected value created Figure financial flexibility financially constrained firm's Free Cash Flow Frequency View growth hedging program hedging ratio hence higher impact increase initial leverage invested capital investment opportunity investors leverage ratio ment metric NOPLAT normally distributed oil prices operations optimal risk management option payment portfolio price risk probability of default profitability put option random variables reduce returns risk analysis risk capital risk free rate risk management strategy risk measurement risk transfer risk-adjusted sell standard deviation tax shield tion trading US$/ton US$10 million valuation value creation value-creating volatility reduction