Value and risk

Value and risk

The corporation is often viewed as a nexus of contracts. That view is slightly altered here. The corporation is viewed as a nexus of risks. The management of the corporation may then be thought of as the selection and management of the risks in a way that creates value. This I perspective is applied...

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Bibliographische Detailangaben
Veröffentlicht in:Journal of banking & finance 2002-03, Vol.26 (2), p.297-301
1. Verfasser: MacMinn, Richard D
Format: Artikel
Sprache:eng
Schlagworte:
Banking
Compensation
Enterprises
Executive compensation
Finance
Leverage
Management
Management compensation
Portfolio management
Risk
Risk management
Value
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Beschreibung
Zusammenfassung:The corporation is often viewed as a nexus of contracts. That view is slightly altered here. The corporation is viewed as a nexus of risks. The management of the corporation may then be thought of as the selection and management of the risks in a way that creates value. This I perspective is applied in a discussion of the three articles presented in this session.
ISSN:0378-4266
1872-6372
DOI:10.1016/S0378-4266(01)00223-0