Corporate Risk Management: Theory and Practice
JOURNAL OF DERIVATIVES, Vol 2 No. 4
Posted: 10 Oct 1998
As the sophistication of risk management instruments has increased, the scope of corporate risk management policy has become much broader. These instruments provide great flexibility in structuring a risk management strategy for the firm. But to realize their potential requires a detailed understanding of the instruments and their uses. This article reviews the logic of the links between risk management and value creation as well as the accumulating empirical evidence.
JEL Classification: M10
Suggested Citation: Suggested Citation