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Handbook of Empirical Corporate Finance SET
book

Handbook of Empirical Corporate Finance SET

by Bjørn Espen Eckbo
December 2008
Intermediate to advanced content levelIntermediate to advanced
520 pages
43h 42m
English
North Holland
Content preview from Handbook of Empirical Corporate Finance SET
Chapter 18

Managing Corporate Risk*

Clifford W. Smith, Jr.    William E. Simon Graduate School of Business Administration University of Rochester

Abstract

Recent developments in corporate risk management include an expansion of the available instruments, a material reduction in the costs of risk management products, and a more sophisticated understanding of their benefits. The chapter examines the underlying theory of how risk management increases firm value, and it summarizes the evidence on the use of risk management instruments.

Keywords

risk management

derivatives

insurance

taxes

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Publisher Resources

ISBN: 9780444532657