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Author Damodaran, Aswath.

Title Strategic risk taking : a framework for risk management / Aswath Damodaran.

Published Upper Saddle River, N.J. : Wharton School Pub., [2008]


Location Call No. Status
 UniM Store QA  12406    AVAILABLE
Physical description xviii, 388 pages : illustrations ; 25 cm
Bibliography Includes bibliographical references and index.
Contents What is risk? -- Why do we care about risk? -- What do we think about risk? -- How do we measure risk? -- Risk-adjusted value -- Probabilistic approaches: scenario analysis, decision trees, and simulations -- Value at risk (VaR) -- Real options -- Risk management: the big picture -- Risk management: profiling and hedging -- Strategic risk management -- Risk management: first principles.
Summary In finance and investing, risk has traditionally been viewed negatively: investors and companies can lose money due to risk, and therefore we typically penalize companies for taking risks. Most books on enterprise risk management focus strictly on hedging or mitigating risk. But the enterprise' s relationship with risk should be far more nuanced. Great companies become great because they seek out and exploit intelligent risks, not because they avoid all risk. Aswath Damoradan' s Strategic Risk Taking is the first book to take this broader view, encompassing both risk hedging at one end of the spectrum and strategic risk taking on the other. Damoradan helps readers separate good risk (opportunities) from bad risk (threats), showing how to take advantage of the former while protecting against the latter. He introduces powerful financial tools for evaluating risk, and shows how to draw on other disciplines to make these tools even more effective.
Subject Risk management.
Standard Number 2573808
ISBN 9780131990487 (paperback: alk. paper)
0131990489 (paperback: alk. paper)