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The Theory of Corporate Risk Management

Abstract

“One of the most important developments in finance theory in the last decades is the ability to talk about risk in a quantifiable fashion. If we know how to measure and price financial risk correctly, we can properly value risky assets. This in turn leads to better allocation of resources in the economy. Investors can do a better job of allocating their savings to various types of risky securities, and managers can better allocate the funds provided by shareholders and creditors among scarce capital resources.” (Copeland et al., 2005: 101).

Keywords

Risk Management Cash Flow Stakeholder Theory Financial Distress Capital Asset Price Model 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Betriebswirtschaftlicher Verlag Dr. Th. Gabler | GWV Fachverlage GmbH, Wiesbaden 2008

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