Strategic Risk Taking

Author: Aswath Damodaran
Editor: Pearson Prentice Hall
ISBN: 9780132715997
File Size: 69,31 MB
Format: PDF
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In business 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. That’s why most books on 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. Strategic Risk Taking: A Framework for Risk Management 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. World-renowned financial pioneer Aswath Damodaran–one of BusinessWeek’s top 12 business school professors–is singularly well positioned to take this strategic view. Here, Damodaran helps you separate good risk (opportunities) from bad risk (threats), showing how to utilize the former while protecting yourself against the latter. He introduces powerful financial tools for evaluating risk, and demonstrates how to draw on other disciplines to make these tools even more effective. Simply put, Damodaran has written the first book that helps you use risk to increase firm value, drive higher growth and returns, and create real competitive advantage. • Risk: the history and the psychology The non-financial realities you must understand to successfully manage risk • Risk assessment: from the basics to the cutting edge Risk Adjusted Value, probabilistic approaches, Value at Risk, and more • Utilizing the power of real options Extending option pricing models to reflect the potential upside of risk exposure • Risk management: the big picture Integrating traditional finance with corporate strategy–and using risk strategically
Strategic Risk Taking
Language: en
Pages: 408
Authors: Aswath Damodaran
Categories: Business & Economics
Type: BOOK - Published: 2007-08-02 - Publisher: Pearson Prentice Hall

In business 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. That’s why most books on risk management focus strictly on hedging or mitigating risk. But the enterprise’s relationship with risk should be
Strategic Risk Management
Language: en
Pages: 256
Authors: Campbell R. Harvey, Sandy Rattray, Otto Van Hemert
Categories: Business & Economics
Type: BOOK - Published: 2021-05-04 - Publisher: John Wiley & Sons

A fresh approach to managing risk in the most challenging market conditions Strategic Risk Management presents an innovative approach to portfolio design. Often the risk management function is a series of tripwires that are activated after the portfolio is already in trouble. Strategic Risk Management presents a framework that seeks
Strategic Risk Taking
Language: en
Pages: 388
Authors: Aswath Damodaran
Categories: Business & Economics
Type: BOOK - Published: 2008 - Publisher: Pearson Prentice Hall

Groundbreaking book that redefines risk in business as potentially powerful strategically to help increase profits. bull; Get out of your "defensive crouch ": learn which risks to avoid, which to mitigate, and which to actively exploit. bull; Master risk management techniques that can drive competitive advantage, increase firm value, and
Strategic Risk Management Practice
Language: en
Pages:
Authors: Torben Juul Andersen, Peter Winther Schrøder
Categories: Business & Economics
Type: BOOK - Published: 2010-03-04 - Publisher: Cambridge University Press

At a time when corporate scandals and major financial failures dominate newspaper headlines, the importance of good risk management practices has never been more obvious. The absence or mismanagement of such practices can have devastating effects on exposed organizations and the wider economy (Barings Bank, Enron, Lehmann Brothers, Northern Rock,
Perspectives on Strategic Risk Management
Language: en
Pages: 205
Authors: Torben Juul Andersen
Categories: Business & Economics
Type: BOOK - Published: 2006 - Publisher: Copenhagen Business School Press DK

"Operating across international markets is a highly turbulent affair that imposes real challenges on corporate risk management capabilities. The multinational corporation is exposed to many diverse risks and exogenous influences beyond managerial control but also attain new strategic opportunities. The exposures range from price volatilities, changing macroeconomic conditions, and operational