Enterprise risk management and the cost of capital
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| Tag | 1 | 2 | Value |
|---|---|---|---|
| LDR | 00000cab a2200000 4500 | ||
| 001 | MAP20180010033 | ||
| 003 | MAP | ||
| 005 | 20200512152740.0 | ||
| 008 | 180403e20180301esp|||p |0|||b|spa d | ||
| 040 | $aMAP$bspa$dMAP | ||
| 084 | $a7 | ||
| 100 | $0MAPA20080648787$aBerry-Stölzle, Thomas R. | ||
| 245 | 1 | 0 | $aEnterprise risk management and the cost of capital$cThomas R. Berry-Stölzle, Jianren Xu |
| 520 | $aEnterprise risk management (ERM) is a process that manages all risks in an integrated, holistic fashion by controlling and coordinating any offsetting risks across the enterprise. This research investigates whether the adoption of the ERM approach affects firms' cost of equity capital. We restrict our analysis to the U.S. insurance industry to control for unobservable differences in business models and risk exposures across industries. We simultaneously model firms' adoption of ERM and the effect of ERM on the cost of capital. We find that ERM adoption significantly reduces firm's cost of capital. Our results suggest that cost of capital benefits are one answer to the question how ERM can create value. | ||
| 650 | 4 | $0MAPA20100002285$aEnterprise Risk Management | |
| 650 | 4 | $0MAPA20080536534$aERM | |
| 650 | 4 | $0MAPA20080591182$aGerencia de riesgos | |
| 650 | 4 | $0MAPA20080586294$aMercado de seguros | |
| 650 | 4 | $0MAPA20110024864$aModelos de negocio | |
| 650 | 4 | $0MAPA20080549961$aCapitales | |
| 700 | 1 | $0MAPA20180001611$aXu, Jianren | |
| 773 | 0 | $wMAP20077000727$tThe Journal of risk and insurance$dNueva York : The American Risk and Insurance Association, 1964-$x0022-4367$g01/03/2018 Volumen 85 Número 1 - marzo 2018 , p. 159-201 |