LEADER 06474nam 22006615 450 001 9910462642103321 005 20210114061649.0 010 $a0-231-51300-3 024 7 $a10.7312/chew14362 035 $a(CKB)2670000000242571 035 $a(EBL)908374 035 $a(OCoLC)818855898 035 $a(DE-B1597)458743 035 $a(OCoLC)316261030 035 $a(OCoLC)979742281 035 $a(DE-B1597)9780231513005 035 $a(MiAaPQ)EBC908374 035 $a(PPN)233900047$9sudoc 035 $a(PPN)201882485 035 $a(EXLCZ)992670000000242571 100 $a20190708d2008 fg 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 00$aCorporate Risk Management /$fDonald Chew 210 1$aNew York, NY : $cColumbia University Press, $d[2008] 210 4$d©2008 215 $a1 online resource (481 p.) 225 1 $aColumbia Business School Publishing 300 $aDescription based upon print version of record. 311 $a0-231-14363-X 327 $tFrontmatter -- $tContents -- $tIntroduction -- $tPart I: The Products -- $t1. Financial Innovation: Achievements and Prospects / $rMiller, Merton H. -- $t2. The Evolution of Risk Management Products / $rWaite Rawls, S. / Smithson, Charles W. -- $t3. The Revolution in Corporate Risk Management / $rCulp, Christopher L. -- $t4. A Senior Manager's Guide to Integrated Risk Management / $rMeulbroek, Lisa K. -- $tPart II: Corporate Uses of the Products -- $t5. Rethinking Risk Management / $rStulz, René M. -- $t6. An Analysis of Trading Profits / $rBraas, Albéric / Bralver, Charles N. -- $t7. Theory of Risk Capital in Financial Firms / $rMerton, Robert C. / Perold, André F. -- $t8. Value At Risk / $rCulp, Christopher L. / Miller, Merton H. / Neves, Andrea M. P. -- $t9. Allocating Shareholder Capital to Pension Plans / $rMerton, Robert C. -- $t10. The Uses and Abuses of Finite Risk Reinsurance / $rCulp, Christopher L. / Heaton, J. B. -- $t11. Does Risk Management Add Value? / $rSmithson, Charles W. / Simkins, Betty J. -- $tPart III: Practitioner Perspectives: Case Studies and Roundtables -- $t12. Identifying, Measuring, and Hedging Currency Risk at Merck / $rLewent, Judy C. / Kearney, A. John -- $t13. Corporate Insurance Strategy / $rDoherty, Neil A. / Smith, Clifford W. -- $t14. Hedging and Value in the U.S. Airline Industry / $rCarter, David A. / Rogers, Daniel A. / Simkins, Betty J. -- $t15. Enterprise Risk Management / $rNocco, Brian W. / Stulz, René M. -- $t16. The Rise and Evolution of the Chief Risk Officer / $rAabo, Tom / Fraser, John R. S. / Simkins, Betty J. -- $t17. University of Georgia Roundtable on Enterprise- Wide Risk Management -- $t18. Morgan Stanley Roundtable on Enterprise Risk Management and Corporate Strategy -- $tIndex 330 $aMore than thirty 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 sheet—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.Contributors: Tom Aabo (Aarhus School of Business); Albéric Braas and Charles N. Bralver (Oliver, Wyman & Company); Keith C. Brown (University of Texas at Austin); David A. Carter (Oklahoma State University); Christopher L. Culp (University of Chicago); Neil A. Doherty (University of Pennsylvania); John R. S. Fraser (Hyrdo One, Inc.); Kenneth R. French (University of Chicago); Gerald D. Gay (Georgia State University); Jeremy Gold (Jeremy Gold Pensions); Scott E. Harrington (University of South Carolina); J. B. Heaton (Bartlit Beck Herman Palenchar & Scott LLP); Joel Houston (University of Florida); Nick Hudson (Stern Stewart & Co.); Christopher James (University of Florida); A. John Kearney and Judy C. Lewent (Merck & Co., Inc.); Robert C. Merton and Lisa K. Meulbroek (Harvard Business School); Merton H. Miller (University of Chicago); Jouahn Nam (Pace University); Andrea M. P. Neves (CP Risk Management LLC); Brian W. Nocco (Nationwide Insurance); André F. Perold (Harvard Business School); S. Waite Rawls III (Continental Bank); Kenneth J. Risko (Willis Risk Solutions); Angelika Schöchlin (University of St. Gallen); Betty J. Simkins (Oklahoma State University); Donald J. Smith (Boston University); Clifford W. Smith Jr. (University of Rochester); Charles W. Smithson (Continental Bank); René M. Stulz (Ohio State University); D. SAll the articles that comprise this book were first published in the Journal of Applied Corporate Finance. Morgan Stanley's ownership of the journal is a reflection of its commitment to identifying outstanding academic research and promoting its application in the practicing corporate and investment communities. 410 0$aColumbia Business School Publishing 606 $aBusiness enterprises - Finance - Management 606 $aBusiness enterprises -- Finance -- Management 606 $aCorporations - Finance - Management 606 $aCorporations -- Finance -- Management 606 $aRisk management 606 $aRisk management 608 $aElectronic books. 615 4$aBusiness enterprises - Finance - Management. 615 4$aBusiness enterprises -- Finance -- Management. 615 4$aCorporations - Finance - Management. 615 4$aCorporations -- Finance -- Management. 615 4$aRisk management. 615 4$aRisk management. 676 $a658.15/5 676 $a658.155 702 $aChew$b Donald, 801 0$bDE-B1597 801 1$bDE-B1597 906 $aBOOK 912 $a9910462642103321 996 $aCorporate Risk Management$92479205 997 $aUNINA