Integrated Risk Management : Techniques and Strategies for Managing Corporate Risk: Techniques and Strategies for Managing Corporate RiskMcGraw Hill Professional, 27 mar 2000 - 646 Over the years, risk management has developed separately in both the insurance and financial fields. Today, the two are finding value in each others tools and techniques. Integrated Risk Management combines the best of the two notions of risk management, insurance and financial, to develop solutions ideal for tadays complex risk environment. Tools go beyond hedging strategies to also examine leveraging, post-loss financing, contingent financing, and fiversification. |
Spis treści
The Growth of Derivatives Markets | 6 |
Plan of the Book | 13 |
Chapter 2 | 17 |
Prawa autorskie | |
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adverse selection asset pricing model bankruptcy costs beta bondholders call option capital asset pricing capital market CAPM cash flows chapter choice choose compensation consider contract correlation covariance creditors deductible default put derived distribution diversification dividend economic effect equilibrium example exercise price expected loss expected return expected utility expected value exposure units Figure firm value firm's forward contract fund future gamble high-risk holder incentive income increase indifference curve interest rate investment opportunities investors issue Journal leverage low risks market portfolio moral hazard net present value optimal payoff policyholder portfolio risk post-loss financing post-loss investment present value problem profit purchase put option put-call parity rate of return reduce reinvestment risk management strategies risk premium risk-averse risky event ruin probability sell shareholders shown simply standard deviation stochastic dominance stock price systematic risk transaction costs unhedged value of equity variance wealth zero