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37,554
Risk-management: coordinating corporate investment and financing policies
, 1993
"... This paper develops a general framework for analyzing corporate risk management policies. We begin by observing that if external sources of finance are more costly to corporations than internally generated funds, there will typically be a benefit to hedging: hedging adds value to the extent that it ..."
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Cited by 554 (16 self)
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This paper develops a general framework for analyzing corporate risk management policies. We begin by observing that if external sources of finance are more costly to corporations than internally generated funds, there will typically be a benefit to hedging: hedging adds value to the extent
Correlation And Dependence In Risk Management: Properties And Pitfalls
- RISK MANAGEMENT: VALUE AT RISK AND BEYOND
, 1999
"... Modern risk management calls for an understanding of stochastic dependence going beyond simple linear correlation. This paper deals with the static (non-time-dependent) case and emphasizes the copula representation of dependence for a random vector. Linear correlation is a natural dependence measure ..."
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Cited by 338 (39 self)
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Modern risk management calls for an understanding of stochastic dependence going beyond simple linear correlation. This paper deals with the static (non-time-dependent) case and emphasizes the copula representation of dependence for a random vector. Linear correlation is a natural dependence
Agency Costs, Risk Management, and Capital Structure
- JOURNAL OF FINANCE
, 1998
"... The joint determination of capital structure and investment risk is examined. Optimal capital structure reflects both the tax advantages of debt less default costs (Modigliani-Miller), and the agency costs resulting from asset substitution (Jensen-Meckling). Agency costs restrict leverage and debt m ..."
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Cited by 321 (3 self)
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maturity and increase yield spreads, but their importance is relatively small for the range of environments considered. Risk management
Rethinking risk management
- Journal of Applied Corporate Finance
, 1996
"... Empirical evidence shows that the practice of risk management is limited and does not correspond to the prescriptions of the academic literature. In particular, the practice focuses on hedging transactions exposures and a firm’s hedge ratios depend on the views of the managers of that firm. In this ..."
Abstract
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Cited by 159 (1 self)
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Empirical evidence shows that the practice of risk management is limited and does not correspond to the prescriptions of the academic literature. In particular, the practice focuses on hedging transactions exposures and a firm’s hedge ratios depend on the views of the managers of that firm
Software Risk Management: Principles and Practices
- IEEE Software
, 1991
"... Like many fields in their early stages, the software field has had its share of project disasters: the software equivalents of Beauvais Cathedral, the S.S. Titanic, and the "Galloping Gertie " Tacoma Narrows Bridge. The frequency of these disaster projects is a serious concern: a recent su ..."
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Cited by 287 (7 self)
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Like many fields in their early stages, the software field has had its share of project disasters: the software equivalents of Beauvais Cathedral, the S.S. Titanic, and the "Galloping Gertie " Tacoma Narrows Bridge. The frequency of these disaster projects is a serious concern: a recent survey of 600 firms
RISK MANAGEMENT The
"... need for risk management to evolve to assure a culture of safety* ..."
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Cited by 3 (0 self)
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need for risk management to evolve to assure a culture of safety*
Optimization of Conditional Value-At-Risk.
- The Journal of Risk,
, 2000
"... Abstract In an intensifying international competition banks are forced to place increased emphasis on enterprise wide risk-/return management. Financial risks have to be limited and managed from a bank wide portfolio perspective. Risk management requirements have to be met from an internal as well ..."
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Cited by 426 (26 self)
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Abstract In an intensifying international competition banks are forced to place increased emphasis on enterprise wide risk-/return management. Financial risks have to be limited and managed from a bank wide portfolio perspective. Risk management requirements have to be met from an internal as well
Cloud Computing and Emerging IT Platforms: Vision, Hype, and Reality for Delivering Computing as the 5th Utility
, 2008
"... With the significant advances in Information and Communications Technology (ICT) over the last half century, there is an increasingly perceived vision that computing will one day be the 5th utility (after water, electricity, gas, and telephony). This computing utility, like all other four existing u ..."
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Cited by 656 (63 self)
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and computational risk management to sustain Service Level Agreement (SLA)-oriented resource allocation. In addition, we reveal our early thoughts on interconnecting Clouds for dynamically creating global Cloud exchanges and markets. Then, we present some representative Cloud platforms, especially those developed
Separation of ownership and control
- JOURNAL OF LAW AND ECONOMICS
, 1983
"... This paper analyzes the survival of organizations in which decision agents do not bear a major share of the wealth effects of their decisions. This is what the literature on large corporations calls separation of âownershipâ and âcontrol.â Such separation of decision and risk bearing functio ..."
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Cited by 1661 (8 self)
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functions is also common to organizations like large professional partnerships, financial mutuals and nonprofits. We contend that separation of decision and risk bearing functions survives in these organizations in part because of the benefits of specialization of management and risk bearing but also
Results 1 - 10
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37,554
