Dealing With Shocks — Large Scale Risks Impacting Markets and Industries

Russell Walker
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Russell Walker: Northwestern University, USA

Chapter 3 in Winning with Risk Management, 2013, pp 33-36 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractIn examining risks, it is important to draw attention to the most uncomfortable reality of risk — it can be sudden and catastrophic. Namely, risks can and are often manifested as shocks or quantum shifts, which alter the market conditions and the profit function of the enterprise. These quantum shifts result in long-term persistent changes that are mostly unattractive…

Keywords: Risk Management; Risk; Financial Markets; Enterprise Risk (search for similar items in EconPapers)
Date: 2013
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