Abstract

http://ssrn.com/abstract=921402
 
 

Citations (19)



 
 

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Enterprise Risk Management: Theory and Practice


Brian W. Nocco


Nationwide Insurance

Rene M. Stulz


Ohio State University (OSU) - Department of Finance; National Bureau of Economic Research (NBER); European Corporate Governance Institute (ECGI)

July 2006


Abstract:     
In this paper, we explain how enterprise risk management creates value for shareholders. In contrast to the existing finance literature, we emphasize the organizational benefits of risk management. We show how a firm should choose its risk appetite and measure risk when implementing enterprise risk management. We also provide an extensive guide to the implementation issues faced by firms that implement enterprise risk management.

Number of Pages in PDF File: 33

JEL Classification: G20, G21, G22, G30, G32, G34

working papers series


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Date posted: August 4, 2006  

Suggested Citation

Nocco, Brian W. and Stulz, Rene M., Enterprise Risk Management: Theory and Practice (July 2006). Available at SSRN: http://ssrn.com/abstract=921402 or http://dx.doi.org/10.2139/ssrn.921402

Contact Information

Brian W. Nocco
Nationwide Insurance ( email )
One Nationwide Plaza, 1-19-02
Columbus, OH 43215-2220
Rene M. Stulz (Contact Author)
Ohio State University (OSU) - Department of Finance ( email )
2100 Neil Avenue
Columbus, OH 43210-1144
United States
HOME PAGE: http://www.cob.ohio-state.edu/fin/faculty/stulz

National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
European Corporate Governance Institute (ECGI)
c/o ECARES ULB CP 114
B-1050 Brussels
Belgium
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