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Author: Christian Nitschke
Publisher: GRIN Verlag
ISBN: 363827764X
Category : Business & Economics
Languages : en
Pages : 22
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Book Description
Essay from the year 2003 in the subject Business economics - Investment and Finance, grade: 1,7 (A-), Stellenbosch Universitiy, language: English, abstract: The objective of an Integrated Risk Management System is to maximise shareholder value. Shareholder Value is mainly determined by t he Market Value (MV) which is the most aggregated measure for the value of a company. MV is influenced by future cash flows which are exposed by the risk of Exchange Rate changes. This risk can be hedged by using financial instruments such as derivatives or it can be minimized by applying operational hedging which involves strategic considerations like plant locations and sources of input. The business of the company assumed in this case consists of Export & Import trades to a variety of countries as well as of Equity Investments in Africa and Asia. An assessment of the countries and areas shows actual economical and political developments to evaluate the most efficient Risk Management decisions. By looking at the Direct Economical Exposure the extent by which the company is threatened by Exchange Rate changes is examined. Furthermore the Value at Risk approach and the Scenario method is explained and applied to draw a picture of the size and likelihood by what extent the enterprise is exposed to Financial Risks. It is suggested to use the Dynamic Hedging technique to overcome fluctuating cash flows. Another proposal is to apply Multi-Currency Accounting which supports the company to comply with regulatory standards and provide management information to efficiently control foreign business.
Author: Christian Nitschke
Publisher: GRIN Verlag
ISBN: 363827764X
Category : Business & Economics
Languages : en
Pages : 22
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Book Description
Essay from the year 2003 in the subject Business economics - Investment and Finance, grade: 1,7 (A-), Stellenbosch Universitiy, language: English, abstract: The objective of an Integrated Risk Management System is to maximise shareholder value. Shareholder Value is mainly determined by t he Market Value (MV) which is the most aggregated measure for the value of a company. MV is influenced by future cash flows which are exposed by the risk of Exchange Rate changes. This risk can be hedged by using financial instruments such as derivatives or it can be minimized by applying operational hedging which involves strategic considerations like plant locations and sources of input. The business of the company assumed in this case consists of Export & Import trades to a variety of countries as well as of Equity Investments in Africa and Asia. An assessment of the countries and areas shows actual economical and political developments to evaluate the most efficient Risk Management decisions. By looking at the Direct Economical Exposure the extent by which the company is threatened by Exchange Rate changes is examined. Furthermore the Value at Risk approach and the Scenario method is explained and applied to draw a picture of the size and likelihood by what extent the enterprise is exposed to Financial Risks. It is suggested to use the Dynamic Hedging technique to overcome fluctuating cash flows. Another proposal is to apply Multi-Currency Accounting which supports the company to comply with regulatory standards and provide management information to efficiently control foreign business.
Author: Donald R. Van Deventer
Publisher: John Wiley & Sons
ISBN: 1118278550
Category : Business & Economics
Languages : en
Pages : 834
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Book Description
Practical tools and advice for managing financial risk, updated for a post-crisis world Advanced Financial Risk Management bridges the gap between the idealized assumptions used for risk valuation and the realities that must be reflected in management actions. It explains, in detailed yet easy-to-understand terms, the analytics of these issues from A to Z, and lays out a comprehensive strategy for risk management measurement, objectives, and hedging techniques that apply to all types of institutions. Written by experienced risk managers, the book covers everything from the basics of present value, forward rates, and interest rate compounding to the wide variety of alternative term structure models. Revised and updated with lessons from the 2007-2010 financial crisis, Advanced Financial Risk Management outlines a framework for fully integrated risk management. Credit risk, market risk, asset and liability management, and performance measurement have historically been thought of as separate disciplines, but recent developments in financial theory and computer science now allow these views of risk to be analyzed on a more integrated basis. The book presents a performance measurement approach that goes far beyond traditional capital allocation techniques to measure risk-adjusted shareholder value creation, and supplements this strategic view of integrated risk with step-by-step tools and techniques for constructing a risk management system that achieves these objectives. Practical tools for managing risk in the financial world Updated to include the most recent events that have influenced risk management Topics covered include the basics of present value, forward rates, and interest rate compounding; American vs. European fixed income options; default probability models; prepayment models; mortality models; and alternatives to the Vasicek model Comprehensive and in-depth, Advanced Financial Risk Management is an essential resource for anyone working in the financial field.
Author: Global Association of Risk Professionals
Publisher:
ISBN: 9781269625654
Category :
Languages : en
Pages : 301
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Book Description
Author: Panos Kouvelis
Publisher: John Wiley & Sons
ISBN: 1118115791
Category : Business & Economics
Languages : en
Pages : 497
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Book Description
A comprehensive, one-stop reference for cutting-edge research in integrated risk management, modern applications, and best practices In the field of business, the ever-growing dependency on global supply chains has created new challenges that traditional risk management must be equipped to handle. Handbook of Integrated Risk Management in Global Supply Chains uses a multi-disciplinary approach to present an effective way to manage complex, diverse, and interconnected global supply chain risks. Contributions from leading academics and researchers provide an action-based framework that captures real issues, implementation challenges, and concepts emerging from industry studies.The handbook is divided into five parts: Foundations and Overview introduces risk management and discusses the impact of supply chain disruptions on corporate performance Integrated Risk Management: Operations and Finance Interface explores the joint use of operational and financial hedging of commodity price uncertainties Supply Chain Finance discusses financing alternatives and the role of financial services in procurement contracts; inventory management and capital structure; and bank financing of inventories Operational Risk Management Strategies outlines supply risks and challenges in decentralized supply chains, such as competition and misalignment of incentives between buyers and suppliers Industrial Applications presents examples and case studies that showcase the discussed methodologies Each topic's presentation includes an introduction, key theories, formulas, and applications. Discussions conclude with a summary of the main concepts, a real-world example, and professional insights into common challenges and best practices. Handbook of Integrated Risk Management in Global Supply Chains is an essential reference for academics and practitioners in the areas of supply chain management, global logistics, management science, and industrial engineering who gather, analyze, and draw results from data. The handbook is also a suitable supplement for operations research, risk management, and financial engineering courses at the upper-undergraduate and graduate levels.
Author: Erik Banks
Publisher: John Wiley & Sons
ISBN: 0470857463
Category : Business & Economics
Languages : en
Pages : 238
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Book Description
A practical approach to ART-an alternative method by which companies take on various types of risk This comprehensive book shows readers what ART is, how it can be used to mitigate risk, and how certain instruments/structures associated with ART should be implemented. Through numerous examples and case studies, readers will learn what actually works and what doesn't when using this technique. Erik Banks (CT) joined XL Capital's weather/energy risk management subsidiary, Element Re, as a Partner and Chief Risk Officer in 2001.
Author: Neil Doherty
Publisher: McGraw Hill Professional
ISBN:
Category : Business & Economics
Languages : en
Pages : 664
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Book Description
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.
Author: Margaret Woods
Publisher: Routledge
ISBN: 0415591724
Category : Business & Economics
Languages : en
Pages : 187
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Book Description
Risk Management in Organizations sets the world of risk management in the context of the broader corporate governance agenda, as well as explaining the core elements of a risk management system. With a detailed array of risk management cases, lecturers and managers will find this a uniquely well researched resource.
Author: Abderrahim Labbi
Publisher: J. Ross Publishing
ISBN: 193215907X
Category : Business & Economics
Languages : en
Pages : 329
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Book Description
“This book provides a recipe for the practical application of technology and is one of the first instances where the tools and technologies that allow for the implementation of solutions to solve specific problems are actually outlined.” --Dr. Krishna Nathan, Vice President, IBM Research This ground-breaking book integrates converging views of e-business processes and offers ways to manage their inherent risks with advanced modeling techniques. Contributors from leading academic and business organizations explore state-of-the-art adaptive risk analysis systems that support business processes in project portfolio management, operations management, supply chain management, inventory control, data mining for customer relationship management, information technology security, finance, e-banking, and more. Today’s new business environments are characterized by increasing sources of uncertainty and variability which challenge current decision-making processes.Handbook of Integrated Risk Management for E-Business: Measuring, Modeling, and Managing Risk provides a roadmap for identifying and mitigating the primary risks associated with each critical e-business process. It also shows you how to transform your processes by empowering your decision-making systems and how to design appropriate risk management systems for decision support.
Author: Donald R. Van Deventer
Publisher: John Wiley & Sons
ISBN: 1118177320
Category : Business & Economics
Languages : en
Pages : 502
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Book Description
An in-depth look at financial risk management Advanced Financial Risk Management integrates interest rate risk, credit risk, foreign exchange risk, and capital allocation using a consistent risk management approach. It explains, in detailed, yet understandable terms, the analytics of these issues from A to Z. Written by experienced risk managers, this book bridges the gap between the idealized assumptions used for valuation and the realities that must be reflected in management actions. It covers everything from the basics of present value, forward rates, and interest rate compounding to the wide variety of alternative term structure models. Donald R. Van Deventer (Hawaii) founded the Kamakura Corporation in April 1990 and is currently President. In 2003, he was voted into the Risk Hall of Fame for having made a profound contribution to the field of risk management. Kenji Imai (Hawaii) heads Software Development for Kamakura and participates in selected Japan-related financial advisory assignments. Mark Mesler (Hawaii) heads the information production for Kamakura Risk Information Services.
Author: Peter Christoffersen
Publisher: Academic Press
ISBN: 0123744482
Category : Business & Economics
Languages : en
Pages : 346
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Book Description
The Second Edition of this best-selling book expands its advanced approach to financial risk models by covering market, credit, and integrated risk. With new data that cover the recent financial crisis, it combines Excel-based empirical exercises at the end of each chapter with online exercises so readers can use their own data. Its unified GARCH modeling approach, empirically sophisticated and relevant yet easy to implement, sets this book apart from others. Five new chapters and updated end-of-chapter questions and exercises, as well as Excel-solutions manual, support its step-by-step approach to choosing tools and solving problems. Examines market risk, credit risk, and operational risk Provides exceptional coverage of GARCH models Features online Excel-based empirical exercises
