Corporate Risk Management: Theory and Practice

JOURNAL OF DERIVATIVES, Vol 2 No. 4

Posted: 10 Oct 1998

See all articles by Clifford W. Smith

Clifford W. Smith

Simon Graduate School of Business, University of Rochester

Abstract

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

Smith, Clifford W., Corporate Risk Management: Theory and Practice. JOURNAL OF DERIVATIVES, Vol 2 No. 4. Available at SSRN: https://ssrn.com/abstract=6414

Clifford W. Smith (Contact Author)

Simon Graduate School of Business, University of Rochester ( email )

Carol Simon Hall 3-202C
Rochester, NY 14627
United States
585-275-3217 (Phone)
585-442-6323 (Fax)

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