Corporate Risk

Strategies Management

Publication Date	November 1999
Publisher	Risk Books
Product Type	Book
Pages	436
ISBN Number	1899332588
Product Code	RIS00279

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Summary

A selection of 30 articles and reference papers split into four sections: Theory, Practice, Evidence and Case Studies
Designed to be accessible to the corporate practitioner and masters student - includes specially-commissioned real-life case studies from Microsoft, McDonald's, and Dell

Content

Preface
Introduction by Gregory Brown
I. The Theory of Corporate Risk Management
- 1. Strategic Risk Management (Smithson/Smith)
- 2. Corporate Risk Management: Theory and Practice (Smith)
- 3. Financial Innovation & Economic Performance (Merton)
- 4. A Framework for Risk Management (Froot, Scharfstein & Stein)
- 5. An Integrated Approach to Corporate Risk Management (Shapiro/Titman)
- 6. The Nature and Causes of Foreign Currency Exposure (Pringle/Connolly)
- 7. Interest Rate Swaps and Corporate Financing Choices (Titman)
- 8. Rethinking Risk Management (Stulz)
- 9. Real Options and Corporate Hedging (Triantis)
- 10. Optimal Speculation in the Presence of Costly External Capital (Campbell/Kracaw)
II. The Practice of Corporate Risk Management
- 11. Identifying and Quantifying Exposures (Stulz/Williamson)
- 12. A Practical Framework for Corporate Exposure Management (Bauman, Saratore and Liddle)
- 13. The Use of Hybrid Debt in Managing Corporate Risk (Smithson/Chew)
- 14. Value-at-Risk: Uses and Abuses (Culp/Miller/Neves)
- 15. The Use of Interest Rate Swaps in Managing Corporate Liabilities (Goodman)
- 16. Using Credit Derivatives to Manage Counterparty Credit Risk (Toft)
- 17. Foreign Exchange Budge Rates: How They Can Affect the Firm (Miyamoto/Godfrey)
- 18. Re-engineering Corporate Finance (Brown/Toft)
- 19. Collection of Risk Papers (Shimko)
III. Evidence on Corporate Risk Management
- 20. 1998 Wharton Survey of Financial Risk Management by U.S. Non-financial Firms (Bodnar, Hyat, Marston)
- 21. Why Firms Use Currency Derivatives (Geczy, Minton & Shrand)
- 22. Agency Costs and Corporate Risk Management (Tufano)
- 23. The Use of Foreign Currency Derivatives and Industry Structure (Allayannis/Weston)
- 24. How Mid-sized Companies Manage Risk (Blake/Mahady)
IV. Case Studies in Corporate Risk Management
- 25. The Evolution of Financial Risk Management at McDonald's (Pearl, Aprati, Moore)
- 26. Holistic Risk Management at Microsoft (Callinicos)
- 27. Managing Equity Share Option Price Risk (Dell Treasury/Brown)
- 28. Identifying, Measuring and Hedging Currency Risk at Merck (Lewent/Kearney)
- 29. Managing Currency Exposure: The Case of Western Mining (Maloney)
- 30. Metallgesellschaft and the Economics of Synthetic Storage (Culp/Miller)