The Value of enterprise risk management

<?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.loc.gov/MARC21/slim http://www.loc.gov/standards/marcxml/schema/MARC21slim.xsd">
  <record>
    <leader>00000cab a2200000   4500</leader>
    <controlfield tag="001">MAP20120000971</controlfield>
    <controlfield tag="003">MAP</controlfield>
    <controlfield tag="005">20120207103510.0</controlfield>
    <controlfield tag="008">120117e20111201esp|||p      |0|||b|spa d</controlfield>
    <datafield tag="040" ind1=" " ind2=" ">
      <subfield code="a">MAP</subfield>
      <subfield code="b">spa</subfield>
      <subfield code="d">MAP</subfield>
    </datafield>
    <datafield tag="084" ind1=" " ind2=" ">
      <subfield code="a">7</subfield>
    </datafield>
    <datafield tag="100" ind1="1" ind2=" ">
      <subfield code="0">MAPA20080134860</subfield>
      <subfield code="a">Hoyt, Robert E.</subfield>
    </datafield>
    <datafield tag="245" ind1="0" ind2="4">
      <subfield code="a">The Value of enterprise risk management</subfield>
      <subfield code="c">Robert E. Hoyt, Andre P. Liebenberg</subfield>
    </datafield>
    <datafield tag="520" ind1=" " ind2=" ">
      <subfield code="a">Enterprise 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.</subfield>
    </datafield>
    <datafield tag="650" ind1=" " ind2="1">
      <subfield code="0">MAPA20100002285</subfield>
      <subfield code="a">Enterprise Risk Management</subfield>
    </datafield>
    <datafield tag="650" ind1=" " ind2="1">
      <subfield code="0">MAPA20080591182</subfield>
      <subfield code="a">Gerencia de riesgos</subfield>
    </datafield>
    <datafield tag="650" ind1=" " ind2="1">
      <subfield code="0">MAPA20080628529</subfield>
      <subfield code="a">Programas de gerencia de riesgos</subfield>
    </datafield>
    <datafield tag="650" ind1=" " ind2="1">
      <subfield code="0">MAPA20080588953</subfield>
      <subfield code="a">Análisis de riesgos</subfield>
    </datafield>
    <datafield tag="651" ind1=" " ind2="1">
      <subfield code="0">MAPA20080638337</subfield>
      <subfield code="a">Estados Unidos</subfield>
    </datafield>
    <datafield tag="773" ind1="0" ind2=" ">
      <subfield code="w">MAP20077000727</subfield>
      <subfield code="t">The Journal of risk and insurance</subfield>
      <subfield code="d">Nueva York : The American Risk and Insurance Association, 1964-</subfield>
      <subfield code="x">0022-4367</subfield>
      <subfield code="g">01/12/2011 Tomo 78 Número 4  - 2011 , p. 795-822</subfield>
    </datafield>
  </record>
</collection>