Does Risk Management Add Value? A Survey of the Evidence
The fact that 92% of the world's 500 largest companies recently reported using derivatives suggests that corporate managers believe financial risk management can increase shareholder value. Surveys of finance academics indicate that they too believe that corporate risk management is, on the whole, a valueadding activity. This article provides an overview of almost 30 years of broadbased, stock-market-oriented academic studies that address one or more of the following questions: 2005 Morgan Stanley.
Year of publication: |
2005
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Authors: | Smithson, Charles ; Simkins, Betty J. |
Published in: |
Journal of Applied Corporate Finance. - Morgan Stanley, ISSN 1078-1196. - Vol. 17.2005, 3, p. 8-17
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Publisher: |
Morgan Stanley |
Saved in:
freely available
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