Das Risikomanagement ist heute wesentlicher Bestandteil jeder modernen Unternehmensstrategie. Dieses Buch erlä utert, warum Risikomanagement so wichtig ist fü r den Unternehmenserfolg, und warum es sich bei den grö ß ten internationalen Finanzinstituten zu einem zentralen Prozeß auf hö chster Ebene entwickelt hat.
"The Risk Management Process" ist das erste Buch zum Thema Kreditrisikomanagement, das das Risikomanagement fü r 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 fü r einen breitgefä cherten Leserkreis.
Inhaltsverzeichnis
Introduction.
RISK MANAGEMENT AND CORPORATE FINANCE.
The Nature of Risk.
Risk Aversion, Insurance, and Hedging.
The Irrelevance of Corporate Financing and Risk Management Decisions.
Increasing Expected Cash Flows or Reducing the Cost of Capital by Managing Risk.
Reducing Conflicts between Security Holders and Managers by Managing Risk.
Reducing Conflicts amongst Security Holders by Managing Risk.
Controlling and Exploiting Informational Asymmetries by Managing Risk.
Value versus Cash Flow versus Earnings Risk Management.
Total versus Selective Risk Management.
RISK MANAGEMENT AND BUSINESS STRATEGY.
Risk Culture and Risk Management Business Models.
Integrating People, Technology, and Processes through Enterprise-Wide Risk Management.
Identifying Market Risk Exposures and Defining Risk Tolerances.
Spot, Forward, and Forward-Like Exposures.
Identifying Option, Option-Like, and Real Option Exposures.
Measuring and Monitoring Market Risk.
Identifying, Measuring, and Monitoring Credit Risk.
Identifying, Measuring, and Monitoring Liquidity Risk.
Identifying, Measuring, and Monitoring Operational Risk.
Identifying and Managing Legal Risk.
THE TACTICS OF RISK CONTROL.
Ex Ante Capital Allocation.
Ex Post Performance Measurement and Compensation.
Internal Controls.
Tactical Risk Control with Derivatives.
Tactical Risk Control through Actual and Synthetic Asset Divestitures.
Strategic Risk Control with Structured Liabilities.
Insurance and ART.
Notes.
Bibliography.
Index.
