Value-at-Risk (VaR) determines the probability of a portfolio of assets losing a certain amount in a given time period … due to adverse market conditions with a particular level of confidence. Value-at-Risk has received considerable attention … from financial economists and financial practitioners for its use in risk reporting, in particular the risks of derivatives …

transformation of the fund management industry in Singapore and focus on the improvement of its risk management practices. This … quality of both the survey responses and of the reported risk management practices has improved in the past three years. The …, investment styles and various kinds of risk exposures. Regrettably, still two thirds of the unit trusts do not provide any risk …

Many interest rates are as volatile as exchange rates and thus represent an equally important source of risk for … interest rate exposure of nonfinancial firms. Consequently, this paper investigates the impact of interest rate risk on a large …

rate risk on firm value could be detected empirically. This paper investigates whether the results of previous studies can …

resources to risk management activi-ties is, however, only an indication of the potential of corporate risk management to … the contribution of corporate risk management to shareholder value. It is argued that because of realistic capital market … imperfections, such as agency costs, transac-tion costs, taxes, and increasing costs of external financing, risk management at the …