Bücher der Reihe Financial Engineering and Risk Management

Risk is inherent in business. Without risk, there would be no motivation to conduct business. But a key principle is that organizations should accept risks that they are competent enough to deal with, and "outsource" other risks to those who are more competent to deal with them (such as insurance companies). Enterprise Risk Management (2nd Edition) approaches enterprise risk management from the perspectives of accounting, supply chains, and disaster management, in addition to the core perspective of finance. While the first edition included the perspective of information systems, the second edition views this as part of supply chain management or else focused on technological specifics. It discusses analytical tools available to assess risk, such as balanced scorecards, risk matrices, multiple criteria analysis, simulation, data envelopment analysis, and financial risk measures.

Develops the notion that companies can succeed on the basis of risk management, much as companies compete on efficiency, costs, labor, and other dimensions. This book examines how leading firms that compete on risk have done this and showcases best practices and impacts to the capital structure of firms and their organizational formation.