A Short Note on Corporate Risk Management: The Case of Thyssenkrupp AG

7 Pages Posted: 4 Feb 2018

See all articles by Frank Lehrbass

Frank Lehrbass

L*PARC (Lehrbass Predicitive Analytics and Risk Consulting)

Date Written: January 2018

Abstract

Based on the most recent annual report of thyssenkrupp we look for various features of modern risk management. It appears that there could be challenges to have a full view of low probability and high impact risks, to be able to perceive concentration as well as wrong way risks and to capture risk dependencies.

Also, we perform a multiple linear regression to identify key drivers for EBITDA. We identify two and find the transparency on their potential adverse impacts to be limited in the current reporting. Especially in light of the strategy to become a diversified industrial group it might be worthwhile to expand the mentioned capabilities - or reveal more of them in the annual reporting.

Keywords: Corporate Risk Management, Commodity Risk Management, Hedging, Thyssenkrupp

JEL Classification: M1, M16

Suggested Citation

Lehrbass, Frank, A Short Note on Corporate Risk Management: The Case of Thyssenkrupp AG (January 2018). Available at SSRN: https://ssrn.com/abstract=3110739 or http://dx.doi.org/10.2139/ssrn.3110739

Frank Lehrbass (Contact Author)

L*PARC (Lehrbass Predicitive Analytics and Risk Consulting) ( email )

Dusseldorf
Germany

HOME PAGE: http://lehrbass.de

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