Download This PaperEnterprise Risk Management: Theory and Practice
33 Pages Posted: 4 Aug 2006
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Enterprise Risk Management: Theory and Practice
Enterprise Risk Management: Theory and Practice
Date Written: 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.
JEL Classification: G20, G21, G22, G30, G32, G34
Suggested Citation: Suggested Citation
Rene M. Stulz (Contact Author)
Ohio State University (OSU) - Department of Finance ( email )
2100 Neil Avenue
Columbus, OH 43210-1144
United States
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