Sisäänkirjautuminen

Condamin, Laurent

Risk Quantification: Management, Diagnosis and Hedging

Condamin, Laurent - Risk Quantification: Management, Diagnosis and Hedging, e-kirja

72,60€

E-kirja, PDF, Adobe DRM-suojattu
ISBN: 9780470060438
DRM-rajoitukset

Tulostus86 sivua ja lisä sivu kertyy joka 9. tunti, ylärajana 86 sivua
Kopioi leikepöydälle14 poimintoa

This book offers a practical answer for the non-mathematician to all the questions any businessman always wanted to ask about risk quantification, and never dare to ask.

Enterprise-wide risk management (ERM) is a key issue for board of directors worldwide. Its proper implementation ensures transparent governance with all stakeholders’ interests integrated into the strategic equation. Furthermore, Risk quantification is the cornerstone of effective risk management,at the strategic and tactical level, covering finance as well as ethics considerations. Both downside and upside risks (threats & opportunities) must be assessed to select the most efficient risk control measures and to set up efficient risk financing mechanisms. Only thus will an optimum return on capital and a reliable protection against bankruptcy be ensured, i.e. long term sustainable development.

Within the ERM framework, each individual operational entity is called upon to control its own risks, within the guidelines set up by the board of directors, whereas the risk financing strategy is developed and implemented at the corporate level to optimise the balance between threats and opportunities, systematic and non systematic risks.

This book is designed to equip each board member, each executives and each field manager, with the tool box enabling them to quantify the risks within his/her jurisdiction to all the extend possible and thus make sound, rational and justifiable decisions, while recognising the limits of the exercise. Beyond traditional probability analysis, used since the 18th Century by the insurance community, it offers insight into new developments like Bayesian expert networks, Monte-Carlo simulation, etc. with practical illustrations on how to implement them within the three steps of risk management, diagnostic, treatment and audit.

With a foreword by Catherine Veret and an introduction by Kevin Knight.

Avainsanat: BUSINESS & ECONOMICS / Finance BUS027000

Tekijä(t)
 
 
Julkaisija
John Wiley and Sons, Inc.
Julkaisuvuosi
2007
Kieli
en
Painos
1
Sarja
The Wiley Finance Series
Sivumäärä
286 sivua
Kategoria
Talous
Tiedostomuoto
E-kirja
eISBN (PDF)
9780470060438
Painetun ISBN
9780470019078

Samankaltaisia e-kirjoja