Nocco, Brian W. (contributor); Stulz, René M. (contributor) - 2006
Enterprise Risk Management: Theory and Practice
July 2006
Brian W. Nocco and René M. Stulz …
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 …