December 2008
Intermediate to advanced
520 pages
43h 42m
English
Clifford W. Smith, Jr. William E. Simon Graduate School of Business Administration University of Rochester
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