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The Value of enterprise risk management

Recurso electrónico / electronic resource
MARC record
Tag12Value
LDR  00000cab a2200000 4500
001  MAP20120000971
003  MAP
005  20120207103510.0
008  120117e20111201esp|||p |0|||b|spa d
040  ‎$a‎MAP‎$b‎spa‎$d‎MAP
084  ‎$a‎7
1001 ‎$0‎MAPA20080134860‎$a‎Hoyt, Robert E.
24504‎$a‎The Value of enterprise risk management‎$c‎Robert E. Hoyt, Andre P. Liebenberg
520  ‎$a‎Enterprise risk management (ERM) has been the topic of increased media attention in recent years. The objective of this study is to measure the extent to which specific ERMS have implemented ERM programs and, then, to assess the value implications of these programs. Authors focus our attention in this study on U.S. insurers in order to control for differences that might arise from regulatory and market differences across industries. Authors simultaneously model the determinants of ERM and the effect of ERM on ERM value. They estimate the effect of ERM on Tobins Q, a standard proxy for ERM value. Wend a positive relation between ERM value and the use of ERM. The ERM premium of roughly 20 percent is statistically and economically significant.
650 1‎$0‎MAPA20100002285‎$a‎Enterprise Risk Management
650 1‎$0‎MAPA20080591182‎$a‎Gerencia de riesgos
650 1‎$0‎MAPA20080628529‎$a‎Programas de gerencia de riesgos
650 1‎$0‎MAPA20080588953‎$a‎Análisis de riesgos
651 1‎$0‎MAPA20080638337‎$a‎Estados Unidos
7730 ‎$w‎MAP20077000727‎$t‎The Journal of risk and insurance‎$d‎Nueva York : The American Risk and Insurance Association, 1964-‎$x‎0022-4367‎$g‎01/12/2011 Tomo 78 Número 4 - 2011 , p. 795-822