Enterprise Risk Management: Theory and Practice

Brian W. Nocco and René Stulz
Additional contact information
Brian W. Nocco: Nationwide Insurance

Working Paper Series from Ohio State University, Charles A. Dice Center for Research in Financial Economics

Abstract: In this paper, we explain how enterprise risk management creates value for shareholders. In contrast to the existing finance literature, we emphasize the organizational benefits of risk management. We show how a firm should choose its risk appetite and measure risk when implementing enterprise risk management. We also provide an extensive guide to the implementation issues faced by firms that implement enterprise risk management.

Date: 2006-07
References: Add references at CitEc
Citations: View citations in EconPapers (103)

Downloads: (external link)
http://www.cob.ohio-state.edu/fin/dice/papers/2006/2006-15.pdf
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.cob.ohio-state.edu/fin/dice/papers/2006/2006-15.pdf [301 Moved Permanently]--> https://www.cob.ohio-state.edu/fin/dice/papers/2006/2006-15.pdf [301 Moved Permanently]--> https://fisher.osu.edu/fin/dice/papers/2006/2006-15.pdf)

Related works:
Journal Article: Enterprise Risk Management: Theory and Practice (2006)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ecl:ohidic:2006-15

Access Statistics for this paper

More papers in Working Paper Series from Ohio State University, Charles A. Dice Center for Research in Financial Economics Contact information at EDIRC.
Bibliographic data for series maintained by ().