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Managing risk exposures using the risk budgeting approach
Bruder, Benjamin; Roncalli, Thierry - Volkswirtschaftliche Fakultät, … - 2012
The ongoing economic crisis has profoundly changed the industry of the asset management, by putting risk management at the heart of most investment processes. This new risk-based investment style does not rely on returns forecasts and is therefore assumed to be more robust. In 2011, it has...
Persistent link: https://www.econbiz.de/10009654211
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Corporate Cash Flow and Stock Price Exposures to Foreign Exchange Rate Risk
Bartram, Söhnke M. - Volkswirtschaftliche Fakultät, … - 2007
This paper estimates the foreign exchange rate exposure of 6,917 U.S. nonfinancial firms on the basis of stock prices and corporate cash flows. The results show that several firms are significantly exposed to at least one of the foreign exchange rates Canadian Dollar, Japanese Yen and Euro, and...
Persistent link: https://www.econbiz.de/10005836323
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Rationales for corporate risk management from stakeholders’ perspective
Klimczak, Karol Marek - Volkswirtschaftliche Fakultät, … - 2005
The rationales for corporate risk management are examined from the point of view of the theory of finance and of key … stakeholder groups’ interests. A study of the use of hedging instruments in 161 Polish non-financial listed companies is then … determine relationships between the hedging decision and financial standing of companies. However, company size is proved to be …
Persistent link: https://www.econbiz.de/10005837109
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Rationales for Corporate Risk Management - A Critical Literature Review
Monda, Barbara; Giorgino, Marco; Modolin, Ileana - Volkswirtschaftliche Fakultät, … - 2013
management practices such as enterprise risk management. Based on modern financial theory’s assumption that markets are perfectly …
Persistent link: https://www.econbiz.de/10011258277
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Hedging dynamics with gold futures
Singh, Saurabh; Saharawat, Swati - Volkswirtschaftliche Fakultät, … - 2011
People by and large tend to postpone their present consumption for numerous reasons. This postponement of consumption leaves them with surplus money to invest for future consumption. Amongst the number of alternatives avenues present for such investments, gold too tends to be one of them. People...
Persistent link: https://www.econbiz.de/10011258372
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A Radical Shift in Managing Risks: Practical Applications of Complexity Theory
Chichilnisky, Graciela - Volkswirtschaftliche Fakultät, … - 1998
Complexity theory is designed to bring order out of a rough-and- tumble world, something close to every insurance … . But in the real world it's just what its name says-a theory. It may help us understand why things go one way or another …
Persistent link: https://www.econbiz.de/10005789667
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The Effects of Derivatives on Firm Risk and Value
Bartram, Söhnke M.; Brown, Gregory W.; Conrad, Jennifer - Volkswirtschaftliche Fakultät, … - 2006
could account for the mixed evidence in the literature on the effect of hedging on firm value. …
Persistent link: https://www.econbiz.de/10005617030
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Supply Chain Disruption Management: Review of Issues and Research Directions
Brown, Adam; Badurdeen, Fazleena - Volkswirtschaftliche Fakultät, … - 2014
Supply Chain Risk Management (SCRM) is an increasingly popular subject of research which emphasizes the goals of achieving improved supply chain robustness through development of design and operational strategies. Disruption management is one aspect of SCRM which examines the ability of the...
Persistent link: https://www.econbiz.de/10011109701
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Occupational Diversification, Offshoring and Labor Market Volatility
Bardhan, Ashok; Tang, John - Volkswirtschaftliche Fakultät, … - 2006
results; however, geographically clustered occupations seem more “at-risk,” after accounting for sectoral diversification. …
Persistent link: https://www.econbiz.de/10005835465
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Democracy, Diversification, and Growth Reversals
Cuberes, David; Jerzmanowski, Michal - Volkswirtschaftliche Fakultät, … - 2008
high barriers of entry for new firms. This leads to less sectoral diversification and so, in an uncertain environment, to … democracy and industrial diversification. …
Persistent link: https://www.econbiz.de/10005835606