The Risk Management Process
Business Strategy and Tactics
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Beschreibung
Risk managers in the 1980s and 1990s were frequently mid-level executives within the corporate hierarchy on Wall Street and Main Street. They managed exposures to risk of all types in a piecemeal fashion.
Not so in the last few years. Risk-be it market, credit, or operational-is now actively managed on a firmwide basis by senior risk professionals reporting to the board level of many firms. Today, risk management is an essential component of any corporate business strategy.
Filling the need for a well-balanced book on the subject, The Risk Management Process provides an integrated framework to help you go beyond mere hedging to implement practical, firmwide risk management strategies within your organization.
Risk management is sound general management, pure and simple. This is the first book to combine a detailed, big-picture view of firmwide risk management with a theoretical but real-world discussion of best hedging practices. Here, Christopher Culp emphasizes why risk management is critical to the success of your business organization and how to engage in successful risk management practices tailored to your firm's underlying business activities. The Risk Management Process explains:
* How corporate finance is the backbone of risk management strategy
* Why models of individual hedging do not extend to models of corporate hedging
* Why risk management can add value for companies and their shareholders
* The basic principles of ex ante risk-adjusted capital allocation
* The tactics of using securitization, insurance, securities, derivatives, and other alternative risk transfer techniques to manage risk
In clear and accessible language, Culp demystifies and explains risk management as a business process-as essential to companies as the widgets they make and the services they provide.
Das Risikomanagement ist heute wesentlicher Bestandteil jeder modernen Unternehmensstrategie. Dieses Buch erläutert, warum Risikomanagement so wichtig ist für den Unternehmenserfolg, und warum es sich bei den größten internationalen Finanzinstituten zu einem zentralen Prozeß auf höchster Ebene entwickelt hat.
"The Risk Management Process" ist das erste Buch zum Thema Kreditrisikomanagement, das das Risikomanagement für das gesamte Unternehmen detailliert behandelt plus Hedging-Strategien und -Taktiken auf der Basis von Derivaten umfassend diskutiert. Autor Christopher Culp, ein anerkannter Experte und Dozent, hat mit "The Risk Management Process" ein ausgewogenes und umfasssendes Nachschlagewerk geschaffen, und zwar für einen breitgefächerten Leserkreis.
Autor*in
Christopher L. Culp
Themen in »The Risk Management Process«
Finance & Investments Finanz- u. Anlagewesen Institutional & Corporate Finance Institutionelle Finanzplanung Risikomanagement