Managing the Invisible: Measuring Risk, Managing Capital, Maximizing Value

@inproceedings{Panning2006ManagingTI,
  title={Managing the Invisible: Measuring Risk, Managing Capital, Maximizing Value},
  author={Bill Panning},
  year={2006}
}
Enterprise Risk Management (ERM) is a body of knowledge - concepts, methods, and techniques - that enables a firm to understand, measure, and manage its overall risk so as to maximize the firm's value to shareholders and policyholders. The purpose of this paper is to demonstrate this often-asserted but seldom-described linkage between ERM on the one hand, and maximizing a firm's value on the other. In Part 1 I argue that ERM, by measuring the firm's aggregate risk exposure, enables the firm's… CONTINUE READING

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References

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