Culp, Christopher L.; Miller, Merton H.; Neves, Andrea M. P. - In: Journal of Applied Corporate Finance 10 (1998) 4, pp. 26-38
Value at risk (or "VAR") is a method of measuring the financial risk of an asset, portfolio, or exposure over some specified period of time. By facilitating the consistent measurement of risk across different assets and activities, VAR allows companies to monitor, report, and control their risks...