The Market Value of the Corporate Risk Management Function Abstract

Much of the debate about the value of risk management to the firm centers around models such as the Capital Assets Pricing Model and whether investors place a value on risk management activities by the firm. This article explores this relationship empirically and finds that investors do value firm-s...

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Published inThe Journal of risk and insurance Vol. 57; no. 4; p. 664
Main Authors Cassidy, Steven M, Constand, Richard L, Corbett, Richard B
Format Journal Article
LanguageEnglish
Published Malvern Blackwell Publishing Ltd 01.12.1990
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Abstract Much of the debate about the value of risk management to the firm centers around models such as the Capital Assets Pricing Model and whether investors place a value on risk management activities by the firm. This article explores this relationship empirically and finds that investors do value firm-specific risk management activities.
AbstractList Much of the debate about the value of risk management to the firm centers around models such as the Capital Assets Pricing Model and whether investors place a value on risk management activities by the firm. This article explores this relationship empirically and finds that investors do value firm-specific risk management activities.
Author Corbett, Richard B
Cassidy, Steven M
Constand, Richard L
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Snippet Much of the debate about the value of risk management to the firm centers around models such as the Capital Assets Pricing Model and whether investors place a...
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StartPage 664
SubjectTerms Abnormal returns
Business insurance
Capital assets
Costs
Growth models
Investments
Subtitle Abstract
Title The Market Value of the Corporate Risk Management Function
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